https://www.taxtmi.com/caselaws?id=210956 The High Court held in favor of the revenue, ruling that lease rental income should be taxed in regular assessment proceedings despite previous decisions. The court disallowed the provision for warranty claims as a deductible expenditure due to insufficient evidence and lack of systematic methodology, overturning the decisions of the Tribunal and the Appellate Commissioner. en-us Tue, 21 Sep 2010 00:00:00 +0530 Fri, 10 Jun 2016 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210956 The High Court held in favor of the revenue, ruling that lease rental income should be taxed in regular assessment proceedings despite previous decisions. The court disallowed the provision for warranty claims as a deductible expenditure due to insufficient evidence and lack of systematic methodology, overturning the decisions of the Tribunal and the Appellate Commissioner. Case-Laws Income Tax Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210956