2007 (11) TMI 613

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....ly, 2006 passed by the Income Tax Appellate Tribunal, Delhi Bench "G" ("the Tribunal") in ITA No.1907/Del/04 relevant for the Assessment Year 1999-2000. The Assessee was a new company which was manufacturing and marketing engines for two and three wheeler vehicles under 500cc capacity. The Assessee estimated warranty claims and made a provision therefor to the extent of ₹ 16,56,404/-. Accor....