https://www.taxtmi.com/caselaws?id=206034 The High Court upheld the Assessing Officer's method of apportioning expenses based on turnover for a Public Limited Company's Hyderabad Unit, rejecting the assessee's argument for a different allocation method. The Court emphasized the pooling of expenses at the Corporate Office post-merger and found the AO's formula appropriate, allocating expenses based on turnover percentage. The Court set aside the Income Tax Appellate Tribunal's decision and restored the AO's method, allowing the Revenue's appeal and stressing the importance of a consistent and evidence-based approach to expense allocation for computing deductions under Section 80-I of the Income Tax Act, 1961. en-us Wed, 17 Aug 2011 00:00:00 +0530 Fri, 07 Oct 2011 23:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206034 The High Court upheld the Assessing Officer's method of apportioning expenses based on turnover for a Public Limited Company's Hyderabad Unit, rejecting the assessee's argument for a different allocation method. The Court emphasized the pooling of expenses at the Corporate Office post-merger and found the AO's formula appropriate, allocating expenses based on turnover percentage. The Court set aside the Income Tax Appellate Tribunal's decision and restored the AO's method, allowing the Revenue's appeal and stressing the importance of a consistent and evidence-based approach to expense allocation for computing deductions under Section 80-I of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 17 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206034