Tribunal held that Revenue Authorities were justified in restricting amount of allowable provision at 2.14 per cent of sale as adopted in earlier years , as there was no reversal after expiry of relevant period based on actual utilisation. ( AY.2013-14, 2014-15)
Apple India (P.) Ltd. v. DCIT (2018) 172 ITD 553/ 172 DTR 367/ 196 TTJ 1139 (Bang.)(Trib.)
S. 37(1) : Business expenditure–Provision for warranty- Marketing of software products-Authorities were justified in restricting amount of allowable provision at 2.14 per cent of sale as adopted in earlier years, as there was no reversal after expiry of relevant period based on actual utilisation. [S. 145]