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Select Changes in Chapter IV-E Of Income-Tax Act, 2025
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Section 16(2)(C) And The Pre-October 2022 Transition: The Unexplored Litigation Window
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Expected Credit Loss In India: A Practical Guide
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President and CEO of The Institute of Internal Auditors
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Monthly Journal

Feature Wise Listing for 2025-26

Feature Wise Listing for 2024-25

November 2026

From Published Accounts

By Himanshu Kishnadwala, Chartered Accountant

Reading Time 16 mins

Compiler’s Note:

Ind AS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’ requires that material prior period errors be corrected retrospectively by:

Restating comparative amounts for the prior period(s) presented in which the error occurred; or
If the error occurred before the earliest prior period presented, restating the opening balances of assets, liabilities, and equity for the earliest period presented.

Given below are few instances of restatements carried out by Companies for the year ended 31^st March, 2026

Titagarh Rail Systems Limited

(₹ in Crores)

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Particulars	Note	For the year ended March 31, 2026	For the year ended March 31, 2025 (Restated) (Refer Note 35) Rs. in Crores
Profit before exceptional items and tax		295.22	424.88
Exceptional items	35