Onward Technologies Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the Auditors of the Company have made the following observations:
The effect of deferred taxation in accordance with Accounting Standard 22, Accounting for Taxes on Income issued by the Council of the Institute of Chartered Accountants of India as well as provision for taxation, if any, has not been considered for preparation of quarterly results.
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