TMI BlogBusiness expenses claimed under the head of “Provision for Warranty Expenses” - addition u/s 37 -...Business expenses claimed under the head of “Provision for Warranty Expenses” - addition u/s 37 - Assessee company has not committed any error in making provisions inasmuch as large number of sophisticated goods were being manufactured in the past and if the facts established show that defects existing in some of the items manufactured and sold then the provision made for warranty in respect of the army of such sophisticated goods would be entitled to deduction from the gross receipt u/s 37 - No additions - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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