https://www.taxtmi.com/caselaws?id=428715 The appeals filed by the assessee were allowed for statistical purposes, remanding the matter back to the Assessing Officer for detailed examination and fresh adjudication based on the principles set by the Supreme Court in Rotork Controls India Pvt. Ltd. The Tribunal directed the AO to verify the details provided by the assessee and emphasized the need for a scientific basis in determining the provision for warranty. The assessment for the preceding year was also to be reexamined in accordance with the Tribunal's observations and the Supreme Court's guidelines. en-us Wed, 24 Aug 2022 00:00:00 +0530 Sat, 08 Oct 2022 13:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428715 The appeals filed by the assessee were allowed for statistical purposes, remanding the matter back to the Assessing Officer for detailed examination and fresh adjudication based on the principles set by the Supreme Court in Rotork Controls India Pvt. Ltd. The Tribunal directed the AO to verify the details provided by the assessee and emphasized the need for a scientific basis in determining the provision for warranty. The assessment for the preceding year was also to be reexamined in accordance with the Tribunal's observations and the Supreme Court's guidelines. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428715