Provision for Warranty is allowable as Deduction when the assessee has not made provision on a Scientific basis: Karnataka HC [Read Judgment]

The Karnataka High Court held that the provision for warranty is allowable as deduction when the assessee has not made provision on a scientific basis.The assessee filed the return of income for the Assessment year 2008-09 declaring income of Rs.2,17,18,047/-. The return was processed under Section 143(1) of the Act and was selected for scrutiny. […]

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