Account of disallowing warrant cost & warranty cost for computing the book profit u/s 115JBV of IT Act


Last updated: 06 January 2014

Court :
INCOME TAX APPELLATE TRIBUNAL

Brief :
This is a set of two revenue’s appeals for A.Y. 2004-05 and 2005-06 on the quantum assessment and the corresponding cross-objections by the assessee. Revenue has also filed appeal against deletion of penalty u/s 271(1)(c) for A.Y. 2005-06.

Citation :
DCIT, Circle 11(1) New Delhi. (Appellant) Vs. M/s Invensys India Pvt. Ltd., No. 01, Doctors Lane, Gole Market, New Delhi-110001. PAN: AABCS 8027 M (Respondent) M/s Invensys India Pvt. Ltd., No. 01, Doctors Lane, Gole Market, New Delhi-110001. (Appellant) Vs. DCIT, Circle 11(1) New Delhi. (Respondent)

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