Addition on account of provision made on performance ...

Case Laws Income Tax

February 21, 2024

Addition on account of provision made on performance guarantee/warranty - The ITAT found that the provision for performance guarantee/warranty was consistent with the company's business practices and the prior year's judicial decisions. It was considered a necessary expense directly linked to sales and customer obligations, thus not merely a tool for tax evasion. - The ITAT dismissed the Revenue's appeal.

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Addition on account of provision made on performance ...

Case Laws Income Tax

February 21, 2024

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