https://www.taxtmi.com/caselaws?id=764101 ITAT Pune allowed the assessee's appeal regarding disallowances under section 37 for bad debts written back and warranty provisions. The assessee had correctly computed disallowable items for excess provisions but netted off amounts in the return due to absence of specific columns to show provision reversals and actual expenses. Despite filing detailed breakups before the AO, submissions were overlooked. ITAT found the claim justified based on warranty details and customer-wise bad debt breakups involving major companies like Tata Motors and Ashok Leyland. The CIT(A)'s findings were set aside and disallowances deleted. en-us Thu, 19 Dec 2024 00:00:00 +0530 Fri, 03 Jan 2025 08:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764101 ITAT Pune allowed the assessee's appeal regarding disallowances under section 37 for bad debts written back and warranty provisions. The assessee had correctly computed disallowable items for excess provisions but netted off amounts in the return due to absence of specific columns to show provision reversals and actual expenses. Despite filing detailed breakups before the AO, submissions were overlooked. ITAT found the claim justified based on warranty details and customer-wise bad debt breakups involving major companies like Tata Motors and Ashok Leyland. The CIT(A)'s findings were set aside and disallowances deleted. Case-Laws Income Tax Thu, 19 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764101