https://www.taxtmi.com/caselaws?id=258444 The High Court upheld the Tribunal's decision to delete the addition of Rs. 42,21,368 under the warranty provision, ruling in favor of the assessee against the Revenue. The Court relied on established legal principles and precedent, including the Rotork Controls case, to support its conclusion that the provision for warranty was deductible under Section 37 of the Income-tax Act, 1961. As a result, the High Court confirmed the Tribunal's order and dismissed the appeal brought by the Revenue. en-us Mon, 22 Dec 2014 00:00:00 +0530 Fri, 10 Apr 2015 09:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258444 The High Court upheld the Tribunal's decision to delete the addition of Rs. 42,21,368 under the warranty provision, ruling in favor of the assessee against the Revenue. The Court relied on established legal principles and precedent, including the Rotork Controls case, to support its conclusion that the provision for warranty was deductible under Section 37 of the Income-tax Act, 1961. As a result, the High Court confirmed the Tribunal's order and dismissed the appeal brought by the Revenue. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258444