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2010 (9) TMI 870 - HC - Income TaxWhether the assessee is entitled to claim the commensurate deductions while generating income by way of lease rentals of its products such as gas cylinders and water cylinders and solar equipment plants etc. while computing the income of the assessee from these sources of business activity? - held no. - Decided in favor of revenue. Whether the assessee was entitled to claim an amount by way of deduction for providing a possible future warranty claim during the years of unexpired warranty periods in respect of products sold during the accounting periods in question? - held that:- In the wake of the assessee not having placed any material to indicate that the method of providing for future warranty claims was based on past experience and past actual expenditure incurred due to the claims that the assessee had received, the method as was sought to be placed before the authorities and as has been exempted by this court is not a method which fetches the approval of this court on the touchstone of the law laid down by the Supreme Court tin Rotork Controls India (P.) Ltd. [2009 (5) TMI 16 - SUPREME COURT OF INDIA]. - Decided in favor of revenue.
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