https://www.taxtmi.com/caselaws?id=288286 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO for Disallowance of Provision for Warranty and Disallowance of Technical Know-How / Royalty. The Tribunal found that the provision for warranty was made scientifically and based on actual expenses, while the payment for technical know-how was considered revenue expenditure due to its limited purpose and lack of proprietary rights. The Tribunal dismissed the revenue's appeal, affirming the deletions. en-us Tue, 19 Mar 2019 00:00:00 +0530 Sat, 30 May 2020 11:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288286 The Tribunal upheld the CIT(A)'s decision to delete additions made by the AO for Disallowance of Provision for Warranty and Disallowance of Technical Know-How / Royalty. The Tribunal found that the provision for warranty was made scientifically and based on actual expenses, while the payment for technical know-how was considered revenue expenditure due to its limited purpose and lack of proprietary rights. The Tribunal dismissed the revenue's appeal, affirming the deletions. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288286