https://www.taxtmi.com/caselaws?id=439050 The court dismissed all appeals, affirming the ITAT's decision that the Assessee's provisions for warranty expenses, liquidated damages, miscellaneous items, Leave Travel Assistance, and sales promotion expenses were justified and compliant with the Income Tax Act, 1961. The court found no errors in the Assessee's accounting practices, and no tax evasion was detected. The Revenue's claims were rejected, and the appeals were dismissed without any order as to costs. en-us Mon, 12 Jun 2023 00:00:00 +0530 Fri, 25 Oct 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439050 The court dismissed all appeals, affirming the ITAT's decision that the Assessee's provisions for warranty expenses, liquidated damages, miscellaneous items, Leave Travel Assistance, and sales promotion expenses were justified and compliant with the Income Tax Act, 1961. The court found no errors in the Assessee's accounting practices, and no tax evasion was detected. The Revenue's claims were rejected, and the appeals were dismissed without any order as to costs. Case-Laws Income Tax Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439050