[aaykarbhavan] Provision for warranty of products isn’t a contingent liability; allowable as revenue exp.

Provision for warranty of products isn't a contingent liability; allowable as revenue exp.

October 4, 2014[2014] 49 taxmann.com 166 (Karnataka)/[2014] 364 ITR 499 (Karnataka)

IT: Provision for warranty liability in respect of products sold should be allowed as revenue expenses

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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