https://www.taxtmi.com/caselaws?id=270990 The Tribunal upheld the CIT(A)'s decision, allowing the provision for warranty expenses as a deductible business expenditure for AY 2006-07 and AY 2007-08. The Tribunal emphasized that the provision was made systematically and scientifically, based on past experience and future expectations, in line with the Supreme Court's precedent. The revenue's appeals were dismissed, confirming that such expenses, incurred or likely to be incurred within the warranty period, are deductible as business expenditure. en-us Fri, 18 Dec 2015 00:00:00 +0530 Fri, 22 Jan 2016 09:55:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270990 The Tribunal upheld the CIT(A)'s decision, allowing the provision for warranty expenses as a deductible business expenditure for AY 2006-07 and AY 2007-08. The Tribunal emphasized that the provision was made systematically and scientifically, based on past experience and future expectations, in line with the Supreme Court's precedent. The revenue's appeals were dismissed, confirming that such expenses, incurred or likely to be incurred within the warranty period, are deductible as business expenditure. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270990