Disallowance of provision of warranty - The provision made by ...

Taxpayer's Warranty Provision Based on Actual Expenses Allowed; Disallowance of Claim Not Justified.

August 19, 2023

Case Laws Income Tax AT

Disallowance of provision of warranty - The provision made by the assessee was ascertained based on the actual expenses incurred on settlement of warranty schemes in earlier years and was based on the scientific exercise of making provision for warranty clause for each and every vehicle sold on a regular basis year on year. - Claim cannot be disallowed - AT

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Disallowance of provision of warranty - The provision made by ...

Taxpayer's Warranty Provision Based on Actual Expenses Allowed; Disallowance of Claim Not Justified.

August 19, 2023

Case Laws Income Tax AT

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