https://www.taxtmi.com/caselaws?id=72024 The appeal challenging the disallowance of provision for warranty under section 263 was allowed by the Tribunal, holding that the Assessing Officer's decision to allow the provision was correct and not contingent. The reduction of claim under section 10B for interest on staff loan and miscellaneous income was dismissed. Additionally, the disallowance of interest income of the software division under section 10B was upheld, as the income was found not to have a direct nexus with export business income. en-us Fri, 16 Jan 2009 00:00:00 +0530 Tue, 05 Nov 2013 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72024 The appeal challenging the disallowance of provision for warranty under section 263 was allowed by the Tribunal, holding that the Assessing Officer's decision to allow the provision was correct and not contingent. The reduction of claim under section 10B for interest on staff loan and miscellaneous income was dismissed. Additionally, the disallowance of interest income of the software division under section 10B was upheld, as the income was found not to have a direct nexus with export business income. Case-Laws Income Tax Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72024