https://www.taxtmi.com/caselaws?id=348462 The Tribunal upheld the Ld.CIT(A)'s decision on disallowances under Rule 8D(2)(ii) and (iii) due to surplus funds and dividend income earned. The issue of adjustments to book profit u/s 115JB was referred back to the Assessing Officer following a Special Bench decision. Regarding the deletion of adjustment to book profits u/s 115JB for provision for warranty expenses, the Tribunal affirmed the Ld.CIT(A)'s decision that the provision was an ascertained liability based on past experience, dismissing the Revenue's appeal. The Tribunal partly allowed the appeals of the Revenue for statistical purposes, addressing the issues raised. en-us Wed, 13 Sep 2017 00:00:00 +0530 Wed, 20 Sep 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348462 The Tribunal upheld the Ld.CIT(A)'s decision on disallowances under Rule 8D(2)(ii) and (iii) due to surplus funds and dividend income earned. The issue of adjustments to book profit u/s 115JB was referred back to the Assessing Officer following a Special Bench decision. Regarding the deletion of adjustment to book profits u/s 115JB for provision for warranty expenses, the Tribunal affirmed the Ld.CIT(A)'s decision that the provision was an ascertained liability based on past experience, dismissing the Revenue's appeal. The Tribunal partly allowed the appeals of the Revenue for statistical purposes, addressing the issues raised. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348462