2024 (2) TMI 1204 - SCH - Income Tax

Provision for warranty in excess of 2.14 percent of sales - Tribunal allowing the provision for warranty even thought the assessee had not made the provision on a scientific basis - HC 2023 (4) TMI 1053 - KARNATAKA HIGH COURT answered the question of law in assessee s favour - HELD THAT - We are not inclined to interfere with the impugned judgment and order passed by the High Court. Hence, the Special Leave Petitions are dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions and did not interfere with the impugned judgment and order passed by the High Court. The delay was condoned, and pending applications were disposed of.