https://www.taxtmi.com/caselaws?id=270235 The Tribunal upheld the CIT(A)'s decision on the reallocation and apportionment of expenses between units for tax exemption eligibility, as well as the discrepancies in profit ratios, dismissing the Revenue's appeal. The Tribunal found no fault in the CIT(A)'s reasoning, citing precedents and lack of defects in the firm's accounts, ultimately affirming the order in favor of the assessee under section 10B of the Income Tax Act, 1961. en-us Thu, 24 Sep 2015 00:00:00 +0530 Fri, 01 Jan 2016 10:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270235 The Tribunal upheld the CIT(A)'s decision on the reallocation and apportionment of expenses between units for tax exemption eligibility, as well as the discrepancies in profit ratios, dismissing the Revenue's appeal. The Tribunal found no fault in the CIT(A)'s reasoning, citing precedents and lack of defects in the firm's accounts, ultimately affirming the order in favor of the assessee under section 10B of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270235