In the result, the appeal filed by the assessee is allowed
Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyal
reassessment every year. As one reaches close to the end of the warranty period, the probability that the warranty expenses will be incurred is considerably reduced and that should be reflected in the estimation amount. Whether this should be done through a pro rata reversal or otherwise would require assessment of historical trend. If warranty provisions are based on experience