https://www.taxtmi.com/caselaws?id=466947 Warranty provisions were treated as deductible business expenditure where the estimate was scientifically made and consistent with prior years, and bad debts written off in the books were allowed under section 36(1)(vii) without requiring proof of insolvency or recoverability. Payments to a non-resident marketing or consultancy recipient were held not to attract TDS where treaty conditions for Indian taxation were not satisfied and the services related to business outside India. Foreign tax credit was left for reconsideration under Article 23 of the India-Sri Lanka DTAA and Rule 128, with the matter remitted to the Assessing Officer. en-us Mon, 24 Feb 2025 00:00:00 +0530 Fri, 27 Feb 2026 08:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466947 Warranty provisions were treated as deductible business expenditure where the estimate was scientifically made and consistent with prior years, and bad debts written off in the books were allowed under section 36(1)(vii) without requiring proof of insolvency or recoverability. Payments to a non-resident marketing or consultancy recipient were held not to attract TDS where treaty conditions for Indian taxation were not satisfied and the services related to business outside India. Foreign tax credit was left for reconsideration under Article 23 of the India-Sri Lanka DTAA and Rule 128, with the matter remitted to the Assessing Officer. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466947