https://www.taxtmi.com/caselaws?id=283770 The Tribunal upheld the CIT(A)'s decision to allow the warranty provision of Rs. 75,00,000 based on the assessee's calculation method and actual expenditure, dismissing the Revenue's appeal. The Tribunal emphasized the scientific estimation basis for warranty provisions and found the CIT(A)'s reasoning fair and reasonable, noting the correlation between the provision created and utilized in the relevant years. Ultimately, the Tribunal concluded that the Revenue's grounds did not warrant interference, affirming the CIT(A)'s decision. en-us Mon, 21 Jan 2019 00:00:00 +0530 Fri, 11 Oct 2019 10:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283770 The Tribunal upheld the CIT(A)'s decision to allow the warranty provision of Rs. 75,00,000 based on the assessee's calculation method and actual expenditure, dismissing the Revenue's appeal. The Tribunal emphasized the scientific estimation basis for warranty provisions and found the CIT(A)'s reasoning fair and reasonable, noting the correlation between the provision created and utilized in the relevant years. Ultimately, the Tribunal concluded that the Revenue's grounds did not warrant interference, affirming the CIT(A)'s decision. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283770