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2018 (12) TMI 1331 - HC - Income TaxAllowability of excess provision for warranty - tribunal holding that the assessee is entitled for deduction when excess provision towards warranty made in the previous years is not offered to tax by reversing the entries - Held that:- Substantial questions of law are covered by the judgment of this Court in the case of COMMISSIONER OF INCOME-TAX AND ANOTHER vs. M/s. ACER INDIA PVT. LTD.[2018 (6) TMI 1557 - KARNATAKA HIGH COURT] as decided in favour of assessee. Interest income inclusion in the eligible profits for computing deduction u/s. 80IB - Held that:- Substantial question of law is covered by the judgments of the Hon'ble Supreme Court in the case of PANDIAN CHEMICALS LTD., vs. COMMISSIONER OF INCOME TAX [2003 (4) TMI 3 - SUPREME COURT] AND Liberty India ltd., vs. COMMISSIONER OF INCOME TAX [2009 (8) TMI 63 - SUPREME COURT]. Decided in favour of revenue.
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