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TMI Blog2014 (3) TMI 385X X X X Extracts X X X X X X X X Extracts X X X X ..... the claim of provision for warranty stating that with making of provision on the basis of estimated present value of contingent liability holds good during the assessment years in question qua warranty claims - the matter remitted back to the Tribunal for fresh adjudication. MAT income - Whether the tribunal was correct in holding that the provision made for doubtful debts cannot be added back ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... common order dated 18th January 2007 passed by Income Tax Appellate Tribunal, Bangalore Bench B (for short the Tribunal ) in ITA Nos.276 561/Bang/2005 for the assessment years 2000-01 and 2001-02, whereby, the Tribunal dismissed the appeals filed by the revenue. The appeals before the Tribunal were preferred against two separate orders passed by Commissioner of Income Tax (Appeals)-III, Banga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t years. 2. Whether the Tribunal was correct in holding that the provision made for warranty expenses is an allowable deduction even though the assessing officer had held that the same will be expended by the assessee only on the happening of an event like a claim being made by the assessee's customers and therefore the same is a contingent liability. 3. Whether the tri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal afresh in the light of the judgment. 5. Insofar as the third question is concerned, learned counsel for the revenue submitted that Section 115JA has been amended vide Finance Act, 2009 with effect from 1-4-1998 and the amendment may have some bearing on the decision of the third question also. Learned Counsel for the respondent-assessee does not dispute the statement made by the le ..... X X X X Extracts X X X X X X X X Extracts X X X X
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