TMI Blog2011 (7) TMI 1246X X X X Extracts X X X X X X X X Extracts X X X X ..... ferred by the assessee is directed against the order dated 4th March, 2010 passed by the Ld. CIT (A)-5 for the Assessment Year 2006-2007. 2. The issue involved in this appeal is whether provision for warranty is allowable u/s 37(1) of the I.T Act or not. In this regard the Assessing Officer has observed that the assessee had made a provision for warranty period applies amounting to ₹ 16,1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in favour of the assessee. The Tribunal for A.Y. 2005-06 in the assessee s own case considered the issue and upheld as under: We have perused the records and considered the rival contentions carefully. The assessee who is a manufacturer of automotive components had been issuing warranty at the sale of the product for removal of defects over a particular period of time. The assessee had made ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion under section 37 of the I.T. Act. Respectfully following the said judgment we set aside the order of the Ld. CIT (A) and allow the claim of the assessee. 4. We respectfully following the decision of the Hon ble Tribunal in assessee s own case for A.Y. 2005-2006 this ground of appeal raised by the assessee is allowed. 5. In the result, the appeal filed by the assessee is allowed. Order ..... X X X X Extracts X X X X X X X X Extracts X X X X
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