https://www.taxtmi.com/caselaws?id=33674 The court held in favor of the Revenue, stating that the credit balance in the post-warranty service scheme was deemed as income for the dealer. The court emphasized that the absence of a transfer to the profit and loss account did not alter the tax liability. Any unclaimed amounts had to be treated as income after a specified period. en-us Wed, 18 Oct 2006 00:00:00 +0530 Tue, 20 Sep 2011 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33674 The court held in favor of the Revenue, stating that the credit balance in the post-warranty service scheme was deemed as income for the dealer. The court emphasized that the absence of a transfer to the profit and loss account did not alter the tax liability. Any unclaimed amounts had to be treated as income after a specified period. Case-Laws Income Tax Wed, 18 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33674