https://www.taxtmi.com/caselaws?id=397825 The HC of Karnataka dismissed the revenue's appeal, upholding the ITAT's decision to allow the provision for warranty as a deduction. The Tribunal found the provision was made according to accounting standards and based on scientific estimation, fulfilling the conditions set by the SC. The revenue's argument against the allowance was rejected. en-us Tue, 25 Aug 2020 00:00:00 +0530 Tue, 05 Nov 2024 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397825 The HC of Karnataka dismissed the revenue's appeal, upholding the ITAT's decision to allow the provision for warranty as a deduction. The Tribunal found the provision was made according to accounting standards and based on scientific estimation, fulfilling the conditions set by the SC. The revenue's argument against the allowance was rejected. Case-Laws Income Tax Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397825