https://www.taxtmi.com/caselaws?id=341281 The Court dismissed the Tax Appeal, upholding the decision of the Income Tax Appellate Tribunal to delete the disallowance of a provision for expected loss/defect liability for Assessment Year 2005-2006. The Court found that the provision was made in accordance with agreements and due to the assessee's significant accumulated losses, with no intention to reduce tax liability. It concluded that the Tribunal did not err in deleting the disallowance, stating that no substantial question of law arose in the case. en-us Thu, 30 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341281 The Court dismissed the Tax Appeal, upholding the decision of the Income Tax Appellate Tribunal to delete the disallowance of a provision for expected loss/defect liability for Assessment Year 2005-2006. The Court found that the provision was made in accordance with agreements and due to the assessee's significant accumulated losses, with no intention to reduce tax liability. It concluded that the Tribunal did not err in deleting the disallowance, stating that no substantial question of law arose in the case. Case-Laws Income Tax Thu, 30 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341281