https://www.taxtmi.com/caselaws?id=292255 The HC dismissed the Revenue's appeal, affirming that the Assessee's provision for warranty expenses was consistent, scientific, and aligned with the SC's decision in Rotork Controls India (P) Ltd. The HC criticized the Assessing Authority's arbitrary disallowance and deemed the appeal frivolous, emphasizing that the Tribunal's factual findings are binding unless perverse. en-us Mon, 25 Jun 2018 00:00:00 +0530 Wed, 13 Nov 2024 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292255 The HC dismissed the Revenue's appeal, affirming that the Assessee's provision for warranty expenses was consistent, scientific, and aligned with the SC's decision in Rotork Controls India (P) Ltd. The HC criticized the Assessing Authority's arbitrary disallowance and deemed the appeal frivolous, emphasizing that the Tribunal's factual findings are binding unless perverse. Case-Laws Income Tax Mon, 25 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292255