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1990 (11) TMI 200 - AT - Income TaxExtract: .......ation the facts and circumstances of the case, we are of the opinion that the provision for warranty is being a contingent liability which according to the later decision, cannot be allowed as deductible expenditure. We therefore, set aside the order of the CIT(A) and restore back the order of the IAC(Asst). 6. In the result, the appeal is allowed.
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