2013 (2) TMI 883

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....i for the respondent. P.C. :- 1. In this appeal for the assessment year 2001-02, the revenue has raised the following reframed questions of law for our consideration:- (a) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in deleting the disallowance of Rs. 1,00,000/- being the amount written off by the assessee on account of inter corp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he circumstances of the case and in law, the Tribunal was justified in allowing claim of warranty provision when the assessee has failed to make scientific and reliable estimate of the liability ? (f) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in deleting the disallowance of Rs. 2,17,38,129/- on account of account of stock written off ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ee any reason to entertain question (c). 5. So far as question (b) is concerned, the assessee had spent Rs. 2.72 crores on repairs to factory building and disallowed the expenditure on the ground that these were in the nature of capital expenditure resulting in enduring benefit and, therefore, it could not be allowed as revenue expenditure. The CIT(A) upheld the disallowance made by the assessi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f each year age analysis of the inventory is carried out by them and any material which does not move for a period of 12 to 24 months is written off at 50% of the book value and at 100% of book value if it has not moved for more than 24 months and thereafter sold as a scrap and the income thereof is offered to tax. Before the Tribunal, the respondent assessee had pointed out that similar dispute h....