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TMI Blog2016 (1) TMI 211X X X X Extracts X X X X X X X X Extracts X X X X ..... e that it was having present obligation as a result of past events resulting in a outflow of resources. Ld.CIT(A) has further given a finding that the method of accounting followed by the Assessee in respect of warranty provisions is consistent and is based on definite scientific method and that the provision of warranty made by the Assessee was not a contingent liability. Before us, Revenue could ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ade by the Assessing Officer on account of provisions for replacement warranty charge u/s.37 of the Act. 2) On the facts and in the circumstances of the case, the Ld.Commissioner of Income-Tax (Appeals)-XIV, Ahmedabad ought to have upheld the order of the Assessing Officer. 3) It is therefore, prayed that the order of the Ld.Commissioner of Income-Tax (Appeals)-XIV, Ahmedabad may be se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... peared on behalf of the respondentassessee. However, letter dated 25/9/2015 on behalf of the assessee Shri Bhavin Marfatia, Chartered Accountant has been placed on record, wherein a copy of the Tribunal's order passed in ITA No.2724/Ahd/2011 for AY 2008-09 in assessee's own case is enclosed, but no letter of authority has been placed by Shri Bhvin Marfatia, CA. Under these facts, we find t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee that it was having present obligation as a result of past events resulting in a outflow of resources. Ld.CIT(A) has further given a finding that the method of accounting followed by the Assessee in respect of warranty provisions is consistent and is based on definite scientific method and that the provision of warranty made by the Assessee was not a contingent liability. Before us, Revenue coul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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