https://www.taxtmi.com/caselaws?id=341265 The Tribunal upheld the Ld CIT(A)'s decision in favor of the assessee regarding the disallowance of the claim of Provision for warranty expenses. The Tribunal found that the provision was justified based on business practices, historical trends, and scientific estimation, in line with relevant case laws. The decision emphasized that the provision and its reversal were revenue neutral, with actual expenditure varying based on customer claims, ultimately dismissing the revenue's appeal. en-us Wed, 22 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 08:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341265 The Tribunal upheld the Ld CIT(A)'s decision in favor of the assessee regarding the disallowance of the claim of Provision for warranty expenses. The Tribunal found that the provision was justified based on business practices, historical trends, and scientific estimation, in line with relevant case laws. The decision emphasized that the provision and its reversal were revenue neutral, with actual expenditure varying based on customer claims, ultimately dismissing the revenue's appeal. Case-Laws Income Tax Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341265