https://www.taxtmi.com/caselaws?id=309741 The Tribunal allowed the appeals for Assessment Years 2010-11 and 2011-12 regarding the disallowance of provision for warranty expenses. It emphasized the necessity of utilizing historical and scientific methods for calculating provisions, rather than ad hoc approaches. The Tribunal directed the assessing officer to reevaluate the deductions based on a proper methodology, setting aside the disallowances made by lower authorities. en-us Tue, 02 Jan 2018 00:00:00 +0530 Wed, 20 Sep 2023 08:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309741 The Tribunal allowed the appeals for Assessment Years 2010-11 and 2011-12 regarding the disallowance of provision for warranty expenses. It emphasized the necessity of utilizing historical and scientific methods for calculating provisions, rather than ad hoc approaches. The Tribunal directed the assessing officer to reevaluate the deductions based on a proper methodology, setting aside the disallowances made by lower authorities. Case-Laws Income Tax Tue, 02 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309741