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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Provision for warranty expenses - contingent liability - there ...


Warranty Expenses Provision Deemed Contingent Liability Due to Lack of Evidence; Additions Confirmed by Assessing Officer (AO.

September 9, 2018

Case Laws     Income Tax     HC

Provision for warranty expenses - contingent liability - there has been no material placed before the AO to establish that the provision in the accounts for the warranty charges was based on any scientific basis or based on the past experience - Additions confirmed.

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