https://www.taxtmi.com/caselaws?id=417184 A warranty or contractual replacement provision is deductible when it reflects a present obligation arising from past sales and can be reliably estimated, so the battery replacement provision was allowed. Ad hoc disallowance of sales promotion expense was deleted because bills and vouchers supported business expenditure and mere non-disclosure of recipients did not prove bogus spending. Donations made by account payee cheque to recognised political parties and charitable institutions were held deductible, and the donor was not required to verify later utilisation by the donee. Travelling expense disallowance was only partly sustained, while the closing stock addition was deleted for want of specific defects in valuation. en-us Tue, 11 Jan 2022 00:00:00 +0530 Wed, 13 May 2026 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417184 A warranty or contractual replacement provision is deductible when it reflects a present obligation arising from past sales and can be reliably estimated, so the battery replacement provision was allowed. Ad hoc disallowance of sales promotion expense was deleted because bills and vouchers supported business expenditure and mere non-disclosure of recipients did not prove bogus spending. Donations made by account payee cheque to recognised political parties and charitable institutions were held deductible, and the donor was not required to verify later utilisation by the donee. Travelling expense disallowance was only partly sustained, while the closing stock addition was deleted for want of specific defects in valuation. Case-Laws Income Tax Tue, 11 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417184