https://www.taxtmi.com/caselaws?id=333155 The Tribunal upheld the non-deduction of TDS on AMC payments to non-residents, as they were not taxable in India under relevant DTAA. The provision for warranty was allowed as a legitimate business expense based on scientific estimation. The write-off of inventory was deemed erroneous as it lacked proper technical estimates for valuation. The disallowance under Section 14A was restricted to the exempt income earned. The Tribunal stressed the importance of proper documentation and adherence to legal provisions in tax matters, ensuring consistency with true financial representation. en-us Fri, 19 Aug 2016 00:00:00 +0530 Wed, 05 Oct 2016 14:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333155 The Tribunal upheld the non-deduction of TDS on AMC payments to non-residents, as they were not taxable in India under relevant DTAA. The provision for warranty was allowed as a legitimate business expense based on scientific estimation. The write-off of inventory was deemed erroneous as it lacked proper technical estimates for valuation. The disallowance under Section 14A was restricted to the exempt income earned. The Tribunal stressed the importance of proper documentation and adherence to legal provisions in tax matters, ensuring consistency with true financial representation. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333155