Provision for warranty - assessee derived advantage by deferring ...

Excess Warranty Provision Deferred by Assessee Not Deductible, Deemed Unreliable for Tax Purposes.

October 9, 2018

Case Laws Income Tax AT

Provision for warranty - assessee derived advantage by deferring its income to the extent of excess warranty provision to subsequent years. Therefore, such excess provision cannot be allowed as a deduction. Therefore the provision made for warranty cannot be said to be reliable.

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Provision for warranty - assessee derived advantage by deferring ...

Excess Warranty Provision Deferred by Assessee Not Deductible, Deemed Unreliable for Tax Purposes.

October 9, 2018

Case Laws Income Tax AT

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