https://www.taxtmi.com/caselaws?id=176570 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and restoring the Assessing Officer's decision. The Tribunal found that there were sufficient grounds to believe that the assessee had inflated profits in the exempt unit to claim higher deductions. The reallocation of expenses between units was deemed justified, resulting in the addition of Rs. 50,19,196 to the assessee's income. The Tribunal held that the Assessing Officer had the authority to recompute profits under Section 80IA(10) if there were indications of arranging business for excessive profits. en-us Thu, 19 Jun 2014 00:00:00 +0530 Thu, 24 Dec 2015 23:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176570 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and restoring the Assessing Officer's decision. The Tribunal found that there were sufficient grounds to believe that the assessee had inflated profits in the exempt unit to claim higher deductions. The reallocation of expenses between units was deemed justified, resulting in the addition of Rs. 50,19,196 to the assessee's income. The Tribunal held that the Assessing Officer had the authority to recompute profits under Section 80IA(10) if there were indications of arranging business for excessive profits. Case-Laws Income Tax Thu, 19 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176570