2007 (11) TMI 613

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..... uly, 2006 passed by the Income Tax Appellate Tribunal, Delhi Bench "G" ("the Tribunal") in ITA No.1907/Del/04 relevant for the Assessment Year 1999-2000. The Assessee was a new company which was manufacturing and marketing engines for two and three wheeler vehicles under 500cc capacity. The Assessee estimated warranty claims and made a provision therefor to the extent of ₹ 16,56,404/-. Acco .....

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..... rtained in definite terms on the basis of certain parameters including sales of the Assessee during the year. It was also held that the view taken by the Assessing Officer was in conformity with the decision of the Supreme Court in Bharat Earth Movers Ltd. v. Commissioner of Income Tax, [2000] 245 ITR 428. We are of the opinion that the Tribunal has not committed any error in taking the view that .....

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