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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Provision for warranty - provision of warranty was made every ...


Warranty Provision Complies with Accounting Standard 29; Scientific Calculation Validates Its Annual Adjustment Ratio.

August 29, 2020

Case Laws     Income Tax     HC

Provision for warranty - provision of warranty was made every year in accordance with accounting standards 29 and the provision is worked out scientifically every year merely because, the provision has come down to 59:100, the same cannot be disallowed. - HC

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