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Deffered taxation
If a company has significant doubts over its going concern, can it reverse its deferred tax liability? the management of the company argues that since company will not be able to operate in future therefore the temporary differences will not be reversed and these liabilities will never become payable.
If there are certain doubts about the presence of company then accounts will not be made on Going Concern Exemption. In my opinion in the mentioned situation deferred tax liability can be reversed.
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