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HC upheld ITAT's order allowing deduction towards provisions for warranty made on scientific basis

November 6, 2019[2019] 110 301 (Gujarat)/[2019] 416 ITR 63 (Gujarat)

INCOME TAX : Where Tribunal, on basis of material on record, took a view that capital gain arising from sale of land was taxable as long term capital gain whereas same was taxable as short term capital gain in case of sale of building, no substantial question of law arose thereform

INCOME TAX : Assessee's claim for deduction under section 37(1) in respect of provision for warranty made on scientific basis was to be allowed
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