Is ''heart'' an asset ??? read this case law !

Page no : 2

(Guest)

Originally posted by : Aakanksha
	Just imagine balance sheet having brain heart lungs hands and legs etc as fixed (or current) assets Ya wondering what were the arguments... jokes apart very unique judgement by HC.... Has Mr.Bhushan not appealed further in SC?

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CA ANIL KUMAR (TRANEE) (46 Points)
Replied 03 August 2011

Thanks Sir,

it is the very interesting case law which i saw first time in my life and just imaging balance shows brain and heart etc.

SOURAV GHOSH (Assistant Manager-Finance) (401 Points)
Replied 03 August 2011

Originally posted by : !..SaNKeT..!
	Very Interesting One.....thank you for Sharing... If you have any material Regarding that case...plz let me know.... I m also Interesting in this case... Have a Good day...

nice sharing sunny..

Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
Replied 03 August 2011

Well Lawyers think they can mis guide court everytime. Its nothing then oversmartness. Thanks for sharing.

Sunshine (Helping All) (10575 Points)
Replied 03 August 2011

interesting !!!

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Sridhar (ca) (30 Points)
Replied 03 August 2011

https://www.indiankanoon.org/doc/85189/

CA,CMA,CS Karan Gogia (Employed) (230 Points)
Replied 03 August 2011

judgement is rite...

but i must appreciate the view of that lawyer....n he has taken this upto high court..great....event though unsucessful but grt attempt....

srinivass (CA Final) (2466 Points)
Replied 03 August 2011

HEY FIRST TELL ME THE VALUE OF HEART THEN THAT PERSON WILL GET THE FOLLOWING ALSO.

1.Depreciation .

2. Revenue expenxe in under HERAT a/c

3.Capital expense ....in Balance sheet Asset side (u\HEART)

4. gain or lose i sale of heart.

5.we can carryy forward settoff current year Heart loss with next..

how silly these questions .......na

that much silly is that case.

CA Sandeep Kumar (Audit Assistant) (804 Points)
Replied 03 August 2011

Originally posted by : Aakanksha
	Just imagine balance sheet having brain heart lungs hands and legs etc as fixed (or current) assets Ya wondering what were the arguments... jokes apart very unique judgement by HC.... Has Mr.Bhushan not appealed further in SC?

I guess no! Assessee's counsel/representative would not have any argument against this judgement!!!

Vikas Gupta (CHARTERED ACCOUNTANT) (16295 Points)
Replied 03 August 2011

Originally posted by : Sudhanshu Kumar
	Very Interesting One.....thank you for Sharing...

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NIKITA (CA ) (302 Points)
Replied 03 August 2011

Very unique n interesting case.. Thnx for sharing

vipin narayanan (student) (39 Points)
Replied 03 August 2011

vry intrstng......dnx 4 sharing........................

he consider his heart as an asset................thn wat s his liablty?

Sowmya.G (CA) (504 Points)
Replied 03 August 2011

Really funny and interesting....

Pradip Shaw & Co (Practice) (227 Points)
Replied 03 August 2011

I aggree with Mr Bushan, say he did not went for surgery, result - died, then no income in future, so dept will loose future revenue, so it is bater to allow the expenses considering Human Resource Accounting principle .....