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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Provision for Warranty claim - assessee was following the ...


Assessee's Provision for Warranty Claims Allowed as Deduction Under Mercantile Accounting System.

August 10, 2012

Case Laws     Income Tax     AT

Provision for Warranty claim - assessee was following the mercantile system of accounting - adjustment is made in future fore excessive provision - claim of deduction allowed. - AT

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