https://www.taxtmi.com/caselaws?id=148385 The Tribunal's decision to delete the additions made by the Assessing Officer regarding the provisions for warranty claims and free service charges was upheld. The court found that these provisions were not contingent liabilities but accrued liabilities based on scientific estimation. Consequently, the petitions under section 256(2) of the Income-tax Act, 1961, were dismissed, affirming the Tribunal's findings that no substantial question of law arose from the case. en-us Mon, 24 Jul 2006 00:00:00 +0530 Tue, 12 Mar 2024 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148385 The Tribunal's decision to delete the additions made by the Assessing Officer regarding the provisions for warranty claims and free service charges was upheld. The court found that these provisions were not contingent liabilities but accrued liabilities based on scientific estimation. Consequently, the petitions under section 256(2) of the Income-tax Act, 1961, were dismissed, affirming the Tribunal's findings that no substantial question of law arose from the case. Case-Laws Income Tax Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148385