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2016 (1) TMI 211 - ITAT AHMEDABAD

2016 (1) TMI 211 - ITAT AHMEDABAD - TMI - Disallowance 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 followe .....

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ondent : None (written submissions) ORDER Per Shri Kul Bharat, Judicial Member This appeal by the Revenue is directed against the order of the Ld.Commissioner of Income Tax(Appeals)-XIV, Ahmedabad ['CIT(A)' in short] dated 09/04/2012 pertaining to Assessment Year (AY) 2009-10. The Revenue has raised the following grounds of appeal:- 1) The Ld.Commissioner of Income-Tax (Appeals)-XIV, Ahmedabad has erred in law and on facts in deleting the disallowance of ₹ 18,00,000/- made by the A .....

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assessee was picked up for scrutiny assessment and the assessment u/s.143(3) of the Income Tax Act,1961 (hereinafter referred to as "the Act") was framed vide order dated 29/04/2011, thereby the Assessing Officer (AO in short) disallowed a sum of ₹ 18 lacs claimed as provisions for replacement & warranty charges u/s.37 of the Act. Aggrieved by that the assessee preferred an appeal before the ld.CIT(A), who after considering the submissions and following his predecessor's .....

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