Assessee's Warranty Expense Provision Disallowed for Inadequate Accounting; CIT(A) Upholds Rejection of Set-off Claims.

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....Disallowance being provision made for warranty expenses - The assessee’s warranty provision equally lack in the proper accounting / calculating factors and, therefore, the claim of the assessee is not sustainable. The CIT (Appeals) has rightly rejected the set off of actual warranty expenses on payment basis as well as warranty expenses on payment basis. - AT....