https://www.taxtmi.com/caselaws?id=213481 The Tribunal held that only indirect costs attributable to the export of trading goods should be considered for computation under Section 80HHC(3) of the Income-tax Act, 1961. Direct costs should not be allocated, and indirect costs must follow the statutory formula. The matter was remanded to the Assessing Officer for a fresh determination in line with the Tribunal's findings. The Third Member concurred with considering only indirect costs related to exports and scaling them down proportionately. The decision in a similar case was distinguished due to factual differences. The Revenue's appeals were allowed for statistical purposes. en-us Fri, 06 Jan 2012 00:00:00 +0530 Tue, 22 May 2012 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213481 The Tribunal held that only indirect costs attributable to the export of trading goods should be considered for computation under Section 80HHC(3) of the Income-tax Act, 1961. Direct costs should not be allocated, and indirect costs must follow the statutory formula. The matter was remanded to the Assessing Officer for a fresh determination in line with the Tribunal's findings. The Third Member concurred with considering only indirect costs related to exports and scaling them down proportionately. The decision in a similar case was distinguished due to factual differences. The Revenue's appeals were allowed for statistical purposes. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213481