https://www.taxtmi.com/caselaws?id=204734 The court upheld the validity of the notice under section 147/148 for the assessment year 1995-96 and dismissed the Revenue's appeals regarding the disallowance of provisions for warranty obligations for the assessment years 1996-97 and 1997-98. The court found that the assessee's expenses exceeded the provisions made, aligning with established legal principles. Consequently, all appeals were dismissed, and the challenge against the assessment reopening was deemed infructuous. en-us Tue, 09 Feb 2010 00:00:00 +0530 Wed, 22 Jun 2016 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204734 The court upheld the validity of the notice under section 147/148 for the assessment year 1995-96 and dismissed the Revenue's appeals regarding the disallowance of provisions for warranty obligations for the assessment years 1996-97 and 1997-98. The court found that the assessee's expenses exceeded the provisions made, aligning with established legal principles. Consequently, all appeals were dismissed, and the challenge against the assessment reopening was deemed infructuous. Case-Laws Income Tax Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204734