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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Disallowance of 50% of the provisions out of the expenditure ...


Assessing Officer to Allow Reasonable Liability; 50% of Warranty Expenses under "Post Sales Expenses" Disallowed.

February 17, 2015

Case Laws     Income Tax     AT

Disallowance of 50% of the provisions out of the expenditure claimed under the head ‘post sales expenses’ for warranty expenses - AO directed to allow the liability which is found to be reasonable - AT

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