https://www.taxtmi.com/caselaws?id=239181 The Tribunal upheld the CIT(A)'s decision to allow the provision for warranty to the extent of 0.20% of the contract value, disallowing the excess as unascertainable liability under section 115JB. The Tribunal remanded the issue of proportionate deduction for "right to way" and leasehold land expenses for fresh consideration. Disallowances of unpaid service tax and interest under section 244A were dismissed. The disallowance of club expenses was deleted. The Tribunal confirmed a reasonable disallowance under section 14A and directed set off of unabsorbed depreciation and capital loss. The Tribunal also instructed the AO to grant credit for TDS. en-us Fri, 17 May 2013 00:00:00 +0530 Fri, 17 Apr 2015 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239181 The Tribunal upheld the CIT(A)'s decision to allow the provision for warranty to the extent of 0.20% of the contract value, disallowing the excess as unascertainable liability under section 115JB. The Tribunal remanded the issue of proportionate deduction for "right to way" and leasehold land expenses for fresh consideration. Disallowances of unpaid service tax and interest under section 244A were dismissed. The disallowance of club expenses was deleted. The Tribunal confirmed a reasonable disallowance under section 14A and directed set off of unabsorbed depreciation and capital loss. The Tribunal also instructed the AO to grant credit for TDS. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239181