https://www.taxtmi.com/highlights?id=75070 Addition on account of provision made on performance guarantee/warranty - The ITAT found that the provision for performance guarantee/warranty was consistent with the company's business practices and the prior year's judicial decisions. It was considered a necessary expense directly linked to sales and customer obligations, thus not merely a tool for tax evasion. - The ITAT dismissed the Revenue's appeal. en-us Wed, 21 Feb 2024 07:12:01 +0530 Wed, 21 Feb 2024 07:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75070 Addition on account of provision made on performance guarantee/warranty - The ITAT found that the provision for performance guarantee/warranty was consistent with the company's business practices and the prior year's judicial decisions. It was considered a necessary expense directly linked to sales and customer obligations, thus not merely a tool for tax evasion. - The ITAT dismissed the Revenue's appeal. Highlights Income Tax Wed, 21 Feb 2024 07:12:01 +0530 https://www.taxtmi.com/highlights?id=75070