https://www.taxtmi.com/caselaws?id=307276 The Court upheld the Revenue's position on the allocation of expenditure, remanding the matter for reassessment. The deduction for obsolete stock was allowed as supported by evidence. Provision for expenses and reserves for warranty were deemed allowable. The computation of deduction under Section 80HHE was considered academic, with future claims to be assessed in line with the law. en-us Tue, 07 Jun 2016 00:00:00 +0530 Sun, 02 Apr 2023 21:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307276 The Court upheld the Revenue's position on the allocation of expenditure, remanding the matter for reassessment. The deduction for obsolete stock was allowed as supported by evidence. Provision for expenses and reserves for warranty were deemed allowable. The computation of deduction under Section 80HHE was considered academic, with future claims to be assessed in line with the law. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307276