https://www.taxtmi.com/caselaws?id=404750 The Tribunal upheld the disallowance of a warranty provision amounting to Rs. 1,67,32,832 for the assessment year 2008-09, emphasizing the need for claims to be made in the relevant assessment year and not in subsequent years. Additionally, the reversal of a provision for warranty in the financial year 2009-10 was deemed unrelated to the year under consideration, with the Tribunal stressing the importance of addressing such claims in the specific assessment year. The appeal was dismissed, allowing the assessee to take corrective action in the appropriate assessment year. en-us Tue, 02 Mar 2021 00:00:00 +0530 Wed, 03 Mar 2021 10:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404750 The Tribunal upheld the disallowance of a warranty provision amounting to Rs. 1,67,32,832 for the assessment year 2008-09, emphasizing the need for claims to be made in the relevant assessment year and not in subsequent years. Additionally, the reversal of a provision for warranty in the financial year 2009-10 was deemed unrelated to the year under consideration, with the Tribunal stressing the importance of addressing such claims in the specific assessment year. The appeal was dismissed, allowing the assessee to take corrective action in the appropriate assessment year. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404750