{"id":4242,"date":"2019-03-05T12:01:16","date_gmt":"2019-03-05T12:01:16","guid":{"rendered":"http:\/\/itatonline.org\/digest\/mahindra-mahindra-ltd-v-dy-cit-2018-193-ttj-618-mum-trib-2\/"},"modified":"2019-03-05T12:01:16","modified_gmt":"2019-03-05T12:01:16","slug":"mahindra-mahindra-ltd-v-dy-cit-2018-193-ttj-618-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/mahindra-mahindra-ltd-v-dy-cit-2018-193-ttj-618-mum-trib-2\/","title":{"rendered":"Mahindra &#038; Mahindra Ltd. v. Dy. CIT (2018) 193 TTJ 618 (Mum.)(Trib.)"},"content":{"rendered":"<p>The\u00a0 Tribunal held that there should be warranty provisioning policy based on scientific method and if such provisions were made on experience and historical trend and if working was robust, then question of reversal in subsequent years might not arise significantly. Tribunal held that Provision for warranty was not contingent lability as assessee had followed scientific method and had considered historical data to arrive at correct book profit as per provisions of section 115 JB. \u00a0(AY. 2002-03, 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115JB : Book Profit\u2013Provision for warranty-Followed scientific method and had considered historical data to arrive at correct book profit- Addition of provision for warranty  would not be justified.<\/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":[1],"tags":[],"class_list":["post-4242","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-16q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4242","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=4242"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4242\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}