AO was justified in restricting provision for warranty as 'Apple' wasn't evaluating it at year end

IT : Where assessee-company created provision for warranty but there was no reversal after expiry of relevant period based on actual utilisation, Revenue Authorities were justified in restricting amount of allowable provision at 2.14 per cent of sale as adopted in earlier years

from www.taxmann.com Latest Case Laws https://ift.tt/2NT31E8