https://www.taxtmi.com/caselaws?id=261870 The Tribunal allowed the appeal for statistical purposes, remanding specific issues for further verification by the Assessing Officer. The Tribunal upheld the allocation of expenses from the Non-SEZ unit to SEZ units, except for interest expenditure allocation, which was referred back to the AO for verification. The disallowance under Section 40(a)(ia) was restored to the AO for examination of the certificate regarding TDS deduction. The Tribunal ruled in favor of the assessee regarding setting off losses of the Non-SEZ unit against profits of the SEZ unit for deduction under Section 10A. Additionally, the Tribunal excluded the SEZ unit's income from the book profit calculation under Section 115JB, following precedent. en-us Fri, 08 May 2015 00:00:00 +0530 Sat, 25 Jul 2015 09:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261870 The Tribunal allowed the appeal for statistical purposes, remanding specific issues for further verification by the Assessing Officer. The Tribunal upheld the allocation of expenses from the Non-SEZ unit to SEZ units, except for interest expenditure allocation, which was referred back to the AO for verification. The disallowance under Section 40(a)(ia) was restored to the AO for examination of the certificate regarding TDS deduction. The Tribunal ruled in favor of the assessee regarding setting off losses of the Non-SEZ unit against profits of the SEZ unit for deduction under Section 10A. Additionally, the Tribunal excluded the SEZ unit's income from the book profit calculation under Section 115JB, following precedent. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261870