2019 (10) TMI 387

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....hri O.A. Mao, CIT ORDER PER PARTHA SARATHI CHAUDHURY, JM : This appeal preferred by the Revenue emanates from the order of the Ld. CIT(Appeals)-7, Pune dated 21.06.2018 for the assessment year 2012-13 as per the following grounds of appeal on record: "1. The order of the Ld. CIT(A) is contrary to law and to the facts and circumstances of the case. 2. Whether on facts and....

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....cts and circumstances, the Ld. CIT(Appeals) observed that in assessee's own case for assessment year 2010-11, the issue was decided in favour of the assessee. 4. That further, at the time of hearing, the Ld. AR of the assessee appraised the Bench that for assessment year 2010-11 in ITA No.2200/PUN/2016 decided on 21.01.2019, the Tribunal has upheld the issue in favour of the assessee. Both the ....

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....y the assessee is extracted in para 1.3 of the order of the CIT(A), which reads as under :- Particulars Financial Year   2009-10 2010-11 2011-12 2012-13 Opening balance 7,500,000 7,500,000 19,593,249 42,142,596 Addition Utilisation   15,888,819 41,305,567 (18,756,220) 103,707,585 (41,429,042) Closing Balance 7,500,000 19,593,24 ....

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....year actual warranty claim may exceed the provisions which is made. Assessee was therefore, entitle deduction in respect of provisions for warranty claims. The appellant has relied on Kirloskar Borthers Ltd. (supra) wherein provision for warranty were fully allowed. The crux of these judicial pronouncements are that provisions for warranty are full allowable. The only thing is that the estimation ....