https://www.taxtmi.com/caselaws?id=35380 The High Court upheld the allowance of the provision for warranty expenses as a deduction, following the Supreme Court's precedent in Rotork Controls India P. Ltd. v. CIT. The Court emphasized that warranty provisions are integral to the sale price and represent present obligations from past events. The decision aligned with previous rulings, dismissing the appeal and maintaining consistency in treating warranty expenses as deductible business expenditures under section 37 of the Income Tax Act. en-us Mon, 07 Dec 2009 00:00:00 +0530 Tue, 02 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35380 The High Court upheld the allowance of the provision for warranty expenses as a deduction, following the Supreme Court's precedent in Rotork Controls India P. Ltd. v. CIT. The Court emphasized that warranty provisions are integral to the sale price and represent present obligations from past events. The decision aligned with previous rulings, dismissing the appeal and maintaining consistency in treating warranty expenses as deductible business expenditures under section 37 of the Income Tax Act. Case-Laws Income Tax Mon, 07 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35380