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Plz help..

CMA Ratna sandeep (CA Final) (188 Points)

01 April 2014

Friends.

What is the meaning of the following statement..?

"A mere representation to the department shall not constitute the dispute"

and What are Cash Losses?

thank you

Cheers.

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4 Replies

nikhil (ca final) (233 Points)
Replied 01 April 2014

1. its related with classification of statutory dues in disputed and undisputed. To call dues as disputed, some visible action from company side should b taken which proves co is not agree with such dues, ie appeals, rectification etc, however mere representation to d dprtmnt shall not cause dispute, means only action of representation made by co in front of department ie AO, officers of excise, customs etc is not sufficient nd something additional action is required like appeals and rectifications etc

2. cash loss is loss of company after adjsting all non cash items, for eg cash loss=actual loss as per P&L + dep (being non cash item)

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CMA Ratna sandeep (CA Final) (188 Points)
Replied 02 April 2014

Originally posted by : nikhil
	1. its related with classification of statutory dues in disputed and undisputed. To call dues as disputed, some visible action from company side should b taken which proves co is not agree with such dues, ie appeals, rectification etc, however mere representation to d dprtmnt shall not cause dispute, means only action of representation made by co in front of department ie AO, officers of excise, customs etc is not sufficient nd something additional action is required like appeals and rectifications etc 2. cash loss is loss of company after adjsting all non cash items, for eg cash loss=actual loss as per P&L + dep (being non cash item)