https://www.taxtmi.com/caselaws?id=358200 The High Court directed the ITAT to adjudicate the issues of provision for warranty and provision for liquidated damages. The Tribunal decided in favor of the assessee, recognizing both provisions as valid expenses based on established accounting principles and judicial precedents. The Department's appeal was dismissed, upholding the CIT(A)'s decision on both issues. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 07 Apr 2018 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358200 The High Court directed the ITAT to adjudicate the issues of provision for warranty and provision for liquidated damages. The Tribunal decided in favor of the assessee, recognizing both provisions as valid expenses based on established accounting principles and judicial precedents. The Department's appeal was dismissed, upholding the CIT(A)'s decision on both issues. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358200