https://www.taxtmi.com/caselaws?id=187317 The note discusses a section 80-IC deduction dispute where the Commissioner (Appeals) enhanced profits of the eligible unit by making a fresh estimate and reducing the deduction. It states that the assessee had maintained separate books, consistently followed the same transfer and expense-allocation method, and that an earlier order in the assessee's own case had already accepted that computation on similar facts. The commentary adds that, absent a demonstrated defect in the accounts or a rational factual basis for re-estimation, the revised profit allocation was not sustainable, and the deduction computation was restored on the assessee's accounting method. en-us Fri, 07 Aug 2009 00:00:00 +0530 Tue, 18 Oct 2016 11:42:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187317 The note discusses a section 80-IC deduction dispute where the Commissioner (Appeals) enhanced profits of the eligible unit by making a fresh estimate and reducing the deduction. It states that the assessee had maintained separate books, consistently followed the same transfer and expense-allocation method, and that an earlier order in the assessee's own case had already accepted that computation on similar facts. The commentary adds that, absent a demonstrated defect in the accounts or a rational factual basis for re-estimation, the revised profit allocation was not sustainable, and the deduction computation was restored on the assessee's accounting method. Case-Laws Income Tax Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187317