https://www.taxtmi.com/caselaws?id=186394 The Tribunal partly allowed the appeals for the assessment years 2002-03, 2003-04, and 2004-05. The disallowance of the provision for warranty was overturned, citing precedents allowing reliable estimates of obligations. The issue of provision for obsolete and slow-moving inventory was remitted back to the AO for further consideration with the opportunity for the assessee to provide additional evidence. The deduction of telecommunication expenses from the export turnover for computation of deduction under section 10A was allowed, following a specific direction to reduce these expenses from the total turnover as well. The Tribunal also addressed the disallowance of software expenditure and instructed no further adjudication was necessary. Additionally, the treatment of telecommunication and freight expenses for deduction under sections 10A and 10B was clarified, with specific instructions for the AO to verify certain aspects. en-us Fri, 15 Jul 2011 00:00:00 +0530 Wed, 21 Sep 2016 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186394 The Tribunal partly allowed the appeals for the assessment years 2002-03, 2003-04, and 2004-05. The disallowance of the provision for warranty was overturned, citing precedents allowing reliable estimates of obligations. The issue of provision for obsolete and slow-moving inventory was remitted back to the AO for further consideration with the opportunity for the assessee to provide additional evidence. The deduction of telecommunication expenses from the export turnover for computation of deduction under section 10A was allowed, following a specific direction to reduce these expenses from the total turnover as well. The Tribunal also addressed the disallowance of software expenditure and instructed no further adjudication was necessary. Additionally, the treatment of telecommunication and freight expenses for deduction under sections 10A and 10B was clarified, with specific instructions for the AO to verify certain aspects. Case-Laws Income Tax Fri, 15 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186394