2023 (7) TMI 1473

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..... that it is covered by the judgment of the Supreme Court in Taparia Tools Ltd [ 2015 (3) TMI 853 - SUPREME COURT] Provision for warranty - warranty provision was a contingent liability and not an ascertained liability moreover the same was adhoc - ITAT deleted addition - HELD THAT:- Proposed question is covered by the judgment of the Supreme Court rendered in Rotork Controls India (P.) Ltd [ 2009 .....

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..... ing Officer on account of advance from customers failing to note and appreciate that these amounts constituted income liable to be taxed in the assessment year under consideration? ii) Whether on the facts and circumstances of the case and in law, the Ld. Tribunal was right in deleting the addition made by the Assessing Officer on account of provision for warranty failing to note and appreciate .....

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