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2016 (1) TMI 211 - AT - Income TaxDisallowance of provisions for replacement & warranty charge u/s.37 - CIT(A) deleted the addition - Held that:- As decided in assessee's own case on similar issue [2015 (12) TMI 822 - ITAT AHMEDABAD ]hile deleting the addition ld.CIT(A) has accepted the contention of the Assessee that it was having present obligation as a result of past events resulting in a outflow of resources. Ld.CIT(A) has further given a finding that the method of accounting followed by the Assessee in respect of warranty provisions is consistent and is based on definite scientific method and that the provision of warranty made by the Assessee was not a contingent liability. Before us, Revenue could not controvert the finding of ld.CIT(A) and we therefore find no reason to interfere with the order of ld.CIT(A) - Decided against revenue
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