Zenotech Laboratories - Limited Review for the quarter ended Sep 30, 2007
Zenotech Laboratories Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:
"Attention is invited to. Note 4 given in the 'Statement' regarding recognition of Deferred Tax Asset of Rs 893.03 lakhs on carried forward business losses and unabsorbed depreciation as on March 31, 2007 which in the auditors opinion, is not in accordance with the requirements of Accounting Standard 22 on 'Accounting for Taxes on Income' issued by the Institute of Chartered Accountants of India."
"Attention is invited to. Note 4 given in the 'Statement' regarding recognition of Deferred Tax Asset of Rs 893.03 lakhs on carried forward business losses and unabsorbed depreciation as on March 31, 2007 which in the auditors opinion, is not in accordance with the requirements of Accounting Standard 22 on 'Accounting for Taxes on Income' issued by the Institute of Chartered Accountants of India."
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