Question
 In which of the following cases it was held that the
limitation act does not apply to quasi-judicial bodies?Solution
Popat Bahiru Govardhane v. Land Acquisition Officer, 2013 ü In the present case, it was held by the Hon’ble Court that the limitation Act applies to courts and not to quasi-judicial authorities. ü Furthermore, it was held that the law of limitation may possibly austerely affect a particular party but, nonetheless has to be applied when the statute prescribes the same. ü Moreover, that the Court(s) are devoid of the power to extend the period of limitation on equitable grounds, even if the statutory provision may cause hardship or inconvenience to a particular party.
An insurer faces a probable liability of ₹25 lakh from a pending court case related to motor insurance. As per Ind-AS 37, how should the liability be ...
The fundamental accounting equation, Assets = Liabilities + Equity, can be alternatively expressed as:
Which of the following categories of inventory are generally reported by companies in their financial statements?
Which of the following is the correct full form of REIT?
After providing for ___________, Declaration of Dividends for the current year is made.
If a company uses LIFO inventory method in falling price environment (prices decreasing), then:
Under Ind AS 2, when net realisable value (NRV) of inventory falls below cost, accounting treatment is:
Which of the following is not an accounting equation?
As per revised RBI guidelines, what is the maximum annual household income for borrowers eligible under microfinance loans?
Which act primarily governs the field of general insurance in India?
Relevant for Exams:
