https://www.taxtmi.com/caselaws?id=290095 The Appellate Tribunal upheld the CIT(Appeals)'s decision to allow deductions for Provision of Warranty and After Sales Cost for the Assessment year 2010-11. The Tribunal emphasized that provisions made based on scientific methods should be allowed as deductions under Section 37(1) of the Income Tax Act. The decision aligned with established legal principles and previous tribunal decisions in favor of the assessee, ultimately dismissing the Revenue's appeal and maintaining the allowance of deductions. en-us Tue, 25 Sep 2018 00:00:00 +0530 Tue, 08 Sep 2020 19:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290095 The Appellate Tribunal upheld the CIT(Appeals)'s decision to allow deductions for Provision of Warranty and After Sales Cost for the Assessment year 2010-11. The Tribunal emphasized that provisions made based on scientific methods should be allowed as deductions under Section 37(1) of the Income Tax Act. The decision aligned with established legal principles and previous tribunal decisions in favor of the assessee, ultimately dismissing the Revenue's appeal and maintaining the allowance of deductions. Case-Laws Income Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290095