https://www.taxtmi.com/caselaws?id=57163 The Tribunal upheld the assessee's method of accounting for Post-Warranty Service Charges, rejecting the CIT's decision to treat the entire amount as income at the time of receipt. The Tribunal also supported the cash payment made to the Managing Director on a bank holiday, finding it justified under Rule 6DD exceptions. The Tribunal concluded that the CIT's action under Section 263 was unwarranted, setting aside the CIT's order and allowing the assessee's appeal. en-us Wed, 14 Jul 1982 00:00:00 +0530 Wed, 08 Dec 2010 16:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57163 The Tribunal upheld the assessee's method of accounting for Post-Warranty Service Charges, rejecting the CIT's decision to treat the entire amount as income at the time of receipt. The Tribunal also supported the cash payment made to the Managing Director on a bank holiday, finding it justified under Rule 6DD exceptions. The Tribunal concluded that the CIT's action under Section 263 was unwarranted, setting aside the CIT's order and allowing the assessee's appeal. Case-Laws Income Tax Wed, 14 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57163