For the extraordinary items, are they recognized by the IFRS ? And What about GAAP?

I prefer to support Mr. Raman Nampoothiri's expert answer.

IFRS-As per IAS1 Presentation of Financial Statements (paragraph87) an entity shall not present any items of income or expense as extraordinary items, in the income statement  or in the notes.As per IASB "extraordinary result from the normal business risks faced by an entity and do not warrant presentation in a separate component of the income statement"

Under US GAAP extra ordinary items are shown below net income.

Yes they are recognised in both