Case Law Details
Case Name : CIT Vs. Whirlpool of India Ltd. (Delhi High Court)
Related Assessment Year : 1996- 97
Courts :
All High Courts Delhi High Court
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Recently, the Delhi High Court (High Court) in the case of CIT Vs. Whirlpool of India Ltd. (ITA No. 1154 of 2009) (Judgement date: 24 January 2011 Assessment Year 1996- 97) held that additional provision for warranty made was not contingent liability and was allowable as revenue expenditure. Further, the High Court held that such increased provision can be treated as expenditure under Section 37 of the Income-tax Act, 1961 (the Act) sinc
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