Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Deductible expenses u/s 37 - provisions for warranty claims - The Tribunal upheld the practice of making provisions for warranty based on a reasonable estimation method and acknowledged the legitimacy of reversing unutilized warranty provisions at the end of the warranty period, thereby offering them for taxation. - AT
Deductible expenses u/s 37 - provisions for warranty claims - The Tribunal upheld the practice of making provisions for warranty based on a reasonable estimation method and acknowledged the legitimacy of reversing unutilized warranty provisions at the end of the warranty period, thereby offering them for taxation. - AT
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