TMI BlogProvision for warranty - assessee derived advantage by deferring its income to the extent of excess...Provision for warranty - assessee derived advantage by deferring its income to the extent of excess warranty provision to subsequent years. Therefore, such excess provision cannot be allowed as a deduction. Therefore the provision made for warranty cannot be said to be reliable. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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