https://www.taxtmi.com/caselaws?id=256579 The appeal by the Revenue challenging the disallowance of provisions for warranty expenses under post sales expenses for AY 2007-08 was allowed for statistical purposes. The Tribunal remanded the matter to the Assessing Officer for reassessment in accordance with the Supreme Court's guidelines on estimating warranty liability. The Tribunal emphasized the need for a reliable estimate of warranty expenses and directed the Assessing Officer to ensure reasonableness in the provision basis, avoiding double taxation on any written back provisions in subsequent years. The assessee was granted an opportunity to present their case before the Assessing Officer. en-us Fri, 22 Aug 2014 00:00:00 +0530 Tue, 17 Feb 2015 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256579 The appeal by the Revenue challenging the disallowance of provisions for warranty expenses under post sales expenses for AY 2007-08 was allowed for statistical purposes. The Tribunal remanded the matter to the Assessing Officer for reassessment in accordance with the Supreme Court's guidelines on estimating warranty liability. The Tribunal emphasized the need for a reliable estimate of warranty expenses and directed the Assessing Officer to ensure reasonableness in the provision basis, avoiding double taxation on any written back provisions in subsequent years. The assessee was granted an opportunity to present their case before the Assessing Officer. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256579