https://www.taxtmi.com/caselaws?id=332602 The Tribunal upheld the Commissioner's decision to allow the assessee's deduction claim of quality claim expenses amounting to Rs. 2.90 crores. The claim was supported by specific evidence, including debit notes from buyers for defective goods, and determined through a technical process. The Tribunal emphasized that the liability was certain and discharged, not contingent or unascertained, in line with the Supreme Court's precedent. The judgment underscores the importance of evidence, the true nature of transactions, and criteria for allowing deductions for liabilities incurred during the accounting year, ultimately rejecting the Revenue's appeal. en-us Wed, 14 Sep 2016 00:00:00 +0530 Wed, 21 Sep 2016 15:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332602 The Tribunal upheld the Commissioner's decision to allow the assessee's deduction claim of quality claim expenses amounting to Rs. 2.90 crores. The claim was supported by specific evidence, including debit notes from buyers for defective goods, and determined through a technical process. The Tribunal emphasized that the liability was certain and discharged, not contingent or unascertained, in line with the Supreme Court's precedent. The judgment underscores the importance of evidence, the true nature of transactions, and criteria for allowing deductions for liabilities incurred during the accounting year, ultimately rejecting the Revenue's appeal. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332602