2021 (6) TMI 250

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....o, Member (A) The appeal filed by the assessee is directed against the order of the Id. Commissioner of Income Tax (Appeals)-8, Mumbai dated 23.04.2018 for the Assessment Year 2010-11. 2. The assessee raised the following grounds of appeal: "1. The learned Dy. Commissioner of Income Tax, Circle (OSD), 3(2), Mumbai has erred in disallowing the claim for provision for warranty for the....

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....company incorporated under the provisions of Companies Act, 1956. It is engaged in the business of manufacturing/assembling standard duty cranes, light lifting cranes and certain heavy duty cranes with span/weight of steel structure. The return of income for the assessment year 2010-11 was filed on 30.09.2010 disclosing loss of Rs. 3,12,63,836/- and the same was revised on 22.03.2012 at a total lo....

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....claims. 5. Being aggrieved with the order of ld. CIT (A), the appellant is before us in the present appeal. 6. When the appeal is called on, none appeared on behalf of the assessee. 7. On the other hand, learned Sr. DR had placed reliance on the order of lower authorities. 8. We have heard the learned senior Departmental Representative and perused the material on record. The only issue....