https://www.taxtmi.com/caselaws?id=234986 The High Court of Madras allowed the Tax Case Appeal, overturning the Tribunal's decision on both issues of disallowance of provision for warranty and addition of write back of the provision. The Court emphasized the nature of the provision, the scientific estimation involved, and the distinction between warranty and liquidated damages, ultimately ruling in favor of the assessee based on the provided evidence and legal principles. en-us Mon, 03 Jun 2013 00:00:00 +0530 Sat, 07 Dec 2013 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234986 The High Court of Madras allowed the Tax Case Appeal, overturning the Tribunal's decision on both issues of disallowance of provision for warranty and addition of write back of the provision. The Court emphasized the nature of the provision, the scientific estimation involved, and the distinction between warranty and liquidated damages, ultimately ruling in favor of the assessee based on the provided evidence and legal principles. Case-Laws Income Tax Mon, 03 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234986