https://www.taxtmi.com/caselaws?id=185697 The Tribunal allowed the appeal filed by the assessee, holding that provisions for warranty are deductible under section 37 of the Income Tax Act. This decision was based on the precedent set in the assessee's own case for A.Y. 2005-2006, where it was established that warranty provisions meet the criteria for deduction as they represent a present obligation due to past events, resulting in an outflow of resources, and can be reliably estimated. en-us Fri, 15 Jul 2011 00:00:00 +0530 Tue, 23 Aug 2016 18:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185697 The Tribunal allowed the appeal filed by the assessee, holding that provisions for warranty are deductible under section 37 of the Income Tax Act. This decision was based on the precedent set in the assessee's own case for A.Y. 2005-2006, where it was established that warranty provisions meet the criteria for deduction as they represent a present obligation due to past events, resulting in an outflow of resources, and can be reliably estimated. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185697