M/S MAJESTIC AUTO LTD vs. COMMISSIONER OF IT & ANR
ITA/290/2005HC Punjab & Haryana05 Dec 2025
Bench: MR. JUSTICE AMARINDER SINGH GREWAL,MR. JUSTICE JAGMOHAN BANSAL
Section 260Section 35D
31,773/- with
respect to warranty claims. The appellant is engaged in the business of
automobile parts where warranty expenses are always likely to incur. The
Assessing Authority denied deduction of said amount. The Tribunal also
upheld opinion of Assessing Authority.
4.
Learned counsel for the appellant submits that as per Section
35D of 1961 Act, if a new unit
