https://www.taxtmi.com/caselaws?id=265728 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision, dismissing the Revenue's appeal regarding the reallocation of expenses between two units of a partnership firm engaged in Manufacturing and Trading of Dyes and Chemicals for the assessment year 2008-09. The Tribunal found that the Assessee's separate accounts and production records for each unit were properly maintained, and there was no evidence to counter the findings on expense allocation. The judgment stressed the significance of logical and documented expense allocation for tax assessment purposes. en-us Fri, 04 Sep 2015 00:00:00 +0530 Wed, 30 Sep 2015 07:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265728 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision, dismissing the Revenue's appeal regarding the reallocation of expenses between two units of a partnership firm engaged in Manufacturing and Trading of Dyes and Chemicals for the assessment year 2008-09. The Tribunal found that the Assessee's separate accounts and production records for each unit were properly maintained, and there was no evidence to counter the findings on expense allocation. The judgment stressed the significance of logical and documented expense allocation for tax assessment purposes. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265728