https://www.taxtmi.com/caselaws?id=220151 The Tribunal held that the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) exceeded their jurisdiction by addressing the issue of reducing 90% of other income under clause (baa) of Explanation to Section 80HHC(4C). The Tribunal upheld the AO's formula for computing indirect costs and dismissed the assessee's appeal on this issue. The appeal was partly allowed as the AO exceeded his jurisdiction in remand proceedings and the CIT(A) lacked jurisdiction to enhance the assessment on the issue of reducing 90% of other income. en-us Wed, 12 Dec 2012 00:00:00 +0530 Fri, 24 Apr 2026 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220151 The Tribunal held that the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) exceeded their jurisdiction by addressing the issue of reducing 90% of other income under clause (baa) of Explanation to Section 80HHC(4C). The Tribunal upheld the AO's formula for computing indirect costs and dismissed the assessee's appeal on this issue. The appeal was partly allowed as the AO exceeded his jurisdiction in remand proceedings and the CIT(A) lacked jurisdiction to enhance the assessment on the issue of reducing 90% of other income. Case-Laws Income Tax Wed, 12 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220151