https://www.taxtmi.com/caselaws?id=443126 The Tribunal dismissed the appeal filed by the assessee in its entirety, upholding the ad-hoc disallowance of power and fuel expenses as agreed upon during assessment proceedings. The disallowance of provision for warranty expenses was also upheld, emphasizing the need for scientific methodology in making such provisions. The Tribunal did not address the initiation of penalty proceedings under section 271(1)(c) as it was not considered by the CIT(A). The decision was pronounced on 13th September 2023. en-us Wed, 13 Sep 2023 00:00:00 +0530 Fri, 15 Sep 2023 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443126 The Tribunal dismissed the appeal filed by the assessee in its entirety, upholding the ad-hoc disallowance of power and fuel expenses as agreed upon during assessment proceedings. The disallowance of provision for warranty expenses was also upheld, emphasizing the need for scientific methodology in making such provisions. The Tribunal did not address the initiation of penalty proceedings under section 271(1)(c) as it was not considered by the CIT(A). The decision was pronounced on 13th September 2023. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443126