https://www.taxtmi.com/caselaws?id=369617 The Tribunal upheld the CIT(A)'s decision to delete the disallowance and addition of Rs. 82,51,140 for warranty and maintenance expenses under both normal provisions and Section 115JB. The provision was considered an ascertained liability based on past experience and in compliance with AS-29, supported by judicial precedents. The Tribunal found no reason to interfere with the CIT(A)'s order and dismissed the Revenue's appeal, confirming the deletion of the additions made by the AO. en-us Mon, 22 Oct 2018 00:00:00 +0530 Wed, 31 Oct 2018 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369617 The Tribunal upheld the CIT(A)'s decision to delete the disallowance and addition of Rs. 82,51,140 for warranty and maintenance expenses under both normal provisions and Section 115JB. The provision was considered an ascertained liability based on past experience and in compliance with AS-29, supported by judicial precedents. The Tribunal found no reason to interfere with the CIT(A)'s order and dismissed the Revenue's appeal, confirming the deletion of the additions made by the AO. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369617