https://www.taxtmi.com/caselaws?id=466907 Warranty provisions are allowable business expenditure where they reflect present obligations from past events and are estimated through a scientific, verifiable method. Overseas marketing or consultancy payments require factual verification of whether they constitute fees for technical services, including whether services were rendered in India; the issue is remitted to the Assessing Officer. Bad debts are allowable where the amount was previously recognised as income and is properly written off. Corporate guarantees warrant a limited arm's-length adjustment at 0.5%. A voluntary, unretracted survey disclosure supports the related addition. No exempt-income expenditure disallowance arises where no exempt income requires attribution. en-us Wed, 16 Oct 2024 00:00:00 +0530 Thu, 26 Feb 2026 03:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466907 Warranty provisions are allowable business expenditure where they reflect present obligations from past events and are estimated through a scientific, verifiable method. Overseas marketing or consultancy payments require factual verification of whether they constitute fees for technical services, including whether services were rendered in India; the issue is remitted to the Assessing Officer. Bad debts are allowable where the amount was previously recognised as income and is properly written off. Corporate guarantees warrant a limited arm's-length adjustment at 0.5%. A voluntary, unretracted survey disclosure supports the related addition. No exempt-income expenditure disallowance arises where no exempt income requires attribution. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466907