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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

The provision for warranty claims and free services charges were ...

Income Tax

April 30, 2013

The provision for warranty claims and free services charges were allowable as deduction on the facts that quantification of warranty claim and liability of free services has been made on scientific basis. - AT

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  11. CENVAT Credit - input services - The free service sale services of the vehicle provided during warranty period is an input service for the manufacturer - credit allowed

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  13. Provision for Warranty - The assessee had not proved the provision of warranty expenses based on any scientific method in such circumstances - Triple test was not passed...

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