Company had issued OCDs and as per IND-AS adjustment.. Company have to book a gain or loss with respect to Change in estimate of financial liability... Accordingly Company has shown a Notional gain i.e. 'Change in estimate of financial liability' in Other Income.
Now, As per 198(3)(e) Credit shall not be given for any amount representing unrealised gains, notional gains or revaluation of assets.
What shall be the adjustment of this Notional gain while calculation NP u/s 198? Whether we will take credit of it or not