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2013 (10) TMI 223 - HC - Income TaxDeduction of a provision made towards warranty – Provision for warranties is not made on any scientific basis and past experience and made merely on estimate basis – Held that:- Relying upon the judgment in the case of Rotork Controls India (P.) Ltd [2009 (5) TMI 16 - SUPREME COURT OF INDIA], disallowed this amount of provision for warranties - The matter is sent to the Assessing Officer for redetermination of the quantum that can be allowed as a provision towards warranty claims in the light of the Judgment of the Supreme Court in Rotork Controls' case – Decided in favor of Revenue.
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