https://www.taxtmi.com/caselaws?id=237768 The court allowed the appeal, setting aside the Tribunal's decision and remanding the case to the Assessing Officer for redetermination of the provision towards warranty claims in line with the Supreme Court's guidelines. The court emphasized the importance of making provisions based on sound principles and past experience, requiring actual expenditure to support such provisions. This decision ensures adherence to legal principles and provides both parties an opportunity to present their positions for a fair assessment. en-us Tue, 19 Feb 2013 00:00:00 +0530 Wed, 07 Oct 2015 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237768 The court allowed the appeal, setting aside the Tribunal's decision and remanding the case to the Assessing Officer for redetermination of the provision towards warranty claims in line with the Supreme Court's guidelines. The court emphasized the importance of making provisions based on sound principles and past experience, requiring actual expenditure to support such provisions. This decision ensures adherence to legal principles and provides both parties an opportunity to present their positions for a fair assessment. Case-Laws Income Tax Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237768