https://www.taxtmi.com/caselaws?id=260907 The Tribunal allowed the Assessee's appeal, canceling the impugned order by the Ld. CIT(A) regarding the allocation of interest and expenditure among various units for deduction under section 80IA of the Income Tax Act, 1961. The Tribunal found that the Ld. CIT(A) had not followed previous Tribunal orders and concluded that there was no infirmity in the CIT(A)'s order for not reducing the eligible profit of Unit-III by the interest amount allocated to other units. The Tribunal emphasized that the issue of interest expenditure allocation among units for deduction under section 80IA was settled in favor of the Assessee by previous Tribunal decisions. en-us Mon, 09 Feb 2015 00:00:00 +0530 Tue, 09 Jun 2015 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260907 The Tribunal allowed the Assessee's appeal, canceling the impugned order by the Ld. CIT(A) regarding the allocation of interest and expenditure among various units for deduction under section 80IA of the Income Tax Act, 1961. The Tribunal found that the Ld. CIT(A) had not followed previous Tribunal orders and concluded that there was no infirmity in the CIT(A)'s order for not reducing the eligible profit of Unit-III by the interest amount allocated to other units. The Tribunal emphasized that the issue of interest expenditure allocation among units for deduction under section 80IA was settled in favor of the Assessee by previous Tribunal decisions. Case-Laws Income Tax Mon, 09 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260907