https://www.taxtmi.com/caselaws?id=69650 The Tribunal dismissed the Revenue's appeal regarding the provision for warranty claims and allowed the assessee's appeal concerning the deduction under section 32AB for machinery purchased under a hire purchase agreement. The Tribunal held that the assessee was eligible for the deduction under section 32AB, even though actual payment was made in subsequent years, as the liability was created during the relevant year. en-us Fri, 25 May 2001 00:00:00 +0530 Mon, 11 Apr 2011 12:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69650 The Tribunal dismissed the Revenue's appeal regarding the provision for warranty claims and allowed the assessee's appeal concerning the deduction under section 32AB for machinery purchased under a hire purchase agreement. The Tribunal held that the assessee was eligible for the deduction under section 32AB, even though actual payment was made in subsequent years, as the liability was created during the relevant year. Case-Laws Income Tax Fri, 25 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69650