https://www.taxtmi.com/caselaws?id=174434 The Court ruled in favor of the assessee regarding the deductibility of provisions for warranty made for the assessment years 1986-87 and 1987-88 under section 256(2) of the Income-tax Act, 1961. The Court held that the provisions for warranty were allowable deductions and could be classified as business expenditure. The decision was based on a previous judgment that favored the assessee, and no costs were imposed on either party. en-us Wed, 18 Dec 2002 00:00:00 +0530 Thu, 08 Oct 2015 12:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174434 The Court ruled in favor of the assessee regarding the deductibility of provisions for warranty made for the assessment years 1986-87 and 1987-88 under section 256(2) of the Income-tax Act, 1961. The Court held that the provisions for warranty were allowable deductions and could be classified as business expenditure. The decision was based on a previous judgment that favored the assessee, and no costs were imposed on either party. Case-Laws Income Tax Wed, 18 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174434