https://www.taxtmi.com/caselaws?id=243139 The Tribunal upheld the First Appeal Authority's decisions on the provision for warranty and adjustments in book profits for AY.2003-04. The issue of reopening assessment under Section 147 remained unresolved. For AY.2007-08, the Tribunal ruled against the AO's addition to book profits, dismissing the appeals filed by the AO for both AYs.2003-04 and 2007-08, and treating the Cross-objection filed by the assessee as dismissed. en-us Fri, 20 Dec 2013 00:00:00 +0530 Sun, 26 Jan 2014 18:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243139 The Tribunal upheld the First Appeal Authority's decisions on the provision for warranty and adjustments in book profits for AY.2003-04. The issue of reopening assessment under Section 147 remained unresolved. For AY.2007-08, the Tribunal ruled against the AO's addition to book profits, dismissing the appeals filed by the AO for both AYs.2003-04 and 2007-08, and treating the Cross-objection filed by the assessee as dismissed. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243139