https://www.taxtmi.com/caselaws?id=395616 A warranty provision is allowable where the assessee substantiates the accrued liability with a scientific basis and reliable supporting material; the adjustment was deleted because the factual basis was found adequate and consistent with the earlier year, with no contrary material shown. Processing fee and interest on borrowing were also not disallowed because the processing fee had already been added back for tax-computation purposes and the interest component was subject to tax deduction at source, leaving no basis for the revenue's challenge. en-us Fri, 20 Mar 2020 00:00:00 +0530 Sat, 30 May 2020 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395616 A warranty provision is allowable where the assessee substantiates the accrued liability with a scientific basis and reliable supporting material; the adjustment was deleted because the factual basis was found adequate and consistent with the earlier year, with no contrary material shown. Processing fee and interest on borrowing were also not disallowed because the processing fee had already been added back for tax-computation purposes and the interest component was subject to tax deduction at source, leaving no basis for the revenue's challenge. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395616