https://www.taxtmi.com/caselaws?id=414962 The Department's appeal was partly allowed for statistical purposes in a case involving the disallowance of a provision for warranty and under section 14A of the Income Tax Act, 1961. The Tribunal remanded the provision for warranty issue back to the Ld. CIT(A) for reconsideration, finding the decision lacking reasoning. However, the Tribunal upheld the Ld. CIT(A)'s decision on the disallowance under section 14A, as the Assessing Officer failed to establish a direct nexus between the expenditure and exempt income. The Department's appeal was partially successful, with the Tribunal providing specific directions for the reassessment of the provision for warranty. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 22 Nov 2021 06:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414962 The Department's appeal was partly allowed for statistical purposes in a case involving the disallowance of a provision for warranty and under section 14A of the Income Tax Act, 1961. The Tribunal remanded the provision for warranty issue back to the Ld. CIT(A) for reconsideration, finding the decision lacking reasoning. However, the Tribunal upheld the Ld. CIT(A)'s decision on the disallowance under section 14A, as the Assessing Officer failed to establish a direct nexus between the expenditure and exempt income. The Department's appeal was partially successful, with the Tribunal providing specific directions for the reassessment of the provision for warranty. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414962