Provision for Warranty Expenses allowed as business expense u/s 37

PCIT Vs Heavy Engineering Corporation Limited (Jharkhand High Court)

Jharkhand High Court held that ‘Provision for Warranty Expenses’ is allowable as business expense as large number of sophisticated goods were manufactured in past and if facts established show that defects e

Please become a Premium member. If you are already a Premium member, login here to access the full content.