2018 (12) TMI 1331

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.... : Sri T. Suryanarayana, Advocate JUDGEMENT Heard. 2. The appeal was admitted to consider the following three substantial questions of law: "1. Whether the Tribunal was correct in holding that the excess provision for warranty of Rs. 2,26,05,903/- is allowable as deduction when the assessee has not made provision on the basis of the past experience and scientific method as enunciated by the A....

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.... the case of COMMISSIONER OF INCOME-TAX AND ANOTHER vs. M/s. ACER INDIA PVT. LTD., in ITA No. 394 of 2009, disposed off on 25.06.2018. Following the said judgment, the first and second substantial questions of law are answered in favour of the assessee and against the revenue. 4. The third substantial question of law is covered by the judgments of the Hon'ble Supreme Court in the case of PAN....