{"id":35920,"date":"2023-08-27T20:38:09","date_gmt":"2023-08-27T15:08:09","guid":{"rendered":"https:\/\/itatonline.org\/digest\/bharat-fritz-wermer-ltd-v-dy-cit-2022-95-itr-507-bang-trib\/"},"modified":"2023-08-27T20:38:09","modified_gmt":"2023-08-27T15:08:09","slug":"bharat-fritz-wermer-ltd-v-dy-cit-2022-95-itr-507-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bharat-fritz-wermer-ltd-v-dy-cit-2022-95-itr-507-bang-trib\/","title":{"rendered":"Bharat Fritz Wermer Ltd v. Dy.CIT (2022) 95 ITR 507 (Bang) (Trib)"},"content":{"rendered":"<p>Held that\u00a0 short fall in inventory written off is allowable as deduction.\u00a0 Purchase of tools\u00a0 allowable as revenue expenditure.Provision\u00a0 for warranty is allowable as deduction. As regards liability for erection and commissioning placed upon shoulders of assessee. The\u00a0 provision at rate of one per cent. to three per cent. determined on basis of past experience.\u00a0 Matter remanded to the Assessing Officer. (AY. 2010-11\u00a0 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S .37(1) : Business expenditure-Short fall in inventory written off-Allowable as deduction-Purchase of tools  allowable as revenue expenditure-Provision  for warranty-Allowable as deduction-Lability for erection and commissioning placed upon shoulders of assessee-Provision at rate of one per cent. to three per cent. determined on basis of past experience-Matter remanded to the Assessing Officer. [S. 28(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-35920","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9lm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=35920"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35920\/revisions"}],"predecessor-version":[{"id":35921,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35920\/revisions\/35921"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}