https://www.taxtmi.com/caselaws?id=327004 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The method adopted by the AO for computing the income was found to be erroneous, and the allocation of mixed expenditures was directed to be done proportionately. The disallowance under Section 80IB was also overturned, but the issue became moot due to the restoration of the assessee's loss claim. en-us Fri, 18 Mar 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327004 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. The method adopted by the AO for computing the income was found to be erroneous, and the allocation of mixed expenditures was directed to be done proportionately. The disallowance under Section 80IB was also overturned, but the issue became moot due to the restoration of the assessee's loss claim. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327004