https://www.taxtmi.com/caselaws?id=181274 The ITAT allowed the appeal, directing the AO to delete the disallowed provision for warranty expenses of Rs. 95,33,312. The decision emphasized compliance with accounting standards and past precedents, noting that the provision for warranty was justified based on scientific evaluation and commercial prudence. The ITAT found no material to establish a mismatch between actual expenditure and the provision made, referencing a previous case where a similar provision was allowed for a different assessment year. en-us Fri, 04 Feb 2011 00:00:00 +0530 Tue, 12 Apr 2016 12:47:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181274 The ITAT allowed the appeal, directing the AO to delete the disallowed provision for warranty expenses of Rs. 95,33,312. The decision emphasized compliance with accounting standards and past precedents, noting that the provision for warranty was justified based on scientific evaluation and commercial prudence. The ITAT found no material to establish a mismatch between actual expenditure and the provision made, referencing a previous case where a similar provision was allowed for a different assessment year. Case-Laws Income Tax Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181274