https://www.taxtmi.com/caselaws?id=269672 The High Court upheld the Income Tax Appellate Tribunal's decision to reverse the Commissioner of Income Tax (Appeals)'s order concerning Section 80IA(10) of the Income Tax Act. The Tribunal found discrepancies in profit rates between two units, indicating profit inflation in one unit. It justified the reallocation of purchases and rejected the argument of different technologies justifying higher profits. The High Court dismissed the appeal, supporting the Tribunal's decision to restore the Assessing Officer's order under Section 80IA(10) based on evidence of inflated profits in the eligible unit. en-us Tue, 20 Oct 2015 00:00:00 +0530 Tue, 07 Jun 2016 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269672 The High Court upheld the Income Tax Appellate Tribunal's decision to reverse the Commissioner of Income Tax (Appeals)'s order concerning Section 80IA(10) of the Income Tax Act. The Tribunal found discrepancies in profit rates between two units, indicating profit inflation in one unit. It justified the reallocation of purchases and rejected the argument of different technologies justifying higher profits. The High Court dismissed the appeal, supporting the Tribunal's decision to restore the Assessing Officer's order under Section 80IA(10) based on evidence of inflated profits in the eligible unit. Case-Laws Income Tax Tue, 20 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269672