Jharkhand HC confirms Deletion of Income Tax Addition on Business Expenses under “Provision for Warranty Expenses” [Read Order]

A Division Bench of the Jharkhand High Court confirmed the deletion of income tax addition on Business expenses under “Provision for Warranty Expenses”. The Respondent-assessee,Heavy Engineering Corporation Limited, is a government of India undertaking and has engaged in the business of manufacturing, project works, reconditioning, Execution and Commissioning of machineries, Equipment for Steel plants, Mining…