https://www.taxtmi.com/caselaws?id=233399 The Appellate Tribunal upheld the allowability of the provision for warranty expenses made by the appellant for assessment years 1998-99 & 2001-02. The tribunal ruled in favor of the appellant, emphasizing that the provision for warranty was based on accepted commercial and accounting practices, past trends, and claims received. The tribunal cited judicial precedents supporting the scientific basis for warranty provisions. The appeals filed by the Revenue were dismissed, affirming the decision of the Commissioner of Income Tax (Appeals) in favor of the appellant. en-us Fri, 12 Apr 2013 00:00:00 +0530 Fri, 26 Apr 2013 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233399 The Appellate Tribunal upheld the allowability of the provision for warranty expenses made by the appellant for assessment years 1998-99 & 2001-02. The tribunal ruled in favor of the appellant, emphasizing that the provision for warranty was based on accepted commercial and accounting practices, past trends, and claims received. The tribunal cited judicial precedents supporting the scientific basis for warranty provisions. The appeals filed by the Revenue were dismissed, affirming the decision of the Commissioner of Income Tax (Appeals) in favor of the appellant. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233399