https://www.taxtmi.com/caselaws?id=335900 The revenue's appeal was dismissed due to the tax effect being below Rs. 10 lakhs as per CBDT Circular No.21/2015. The assessee's appeal contested the allocation of expenses between the Head office and SEZ unit. The Ld CIT(A) partially upheld the AO's allocation based on turnover ratios but disagreed on certain expenses. The Tribunal agreed with the revenue that common expenses were not accounted for in the SEZ unit, remanding the Block insurance policy issue for further examination. Ultimately, the assessee's appeal was partly allowed, challenging the partial sustainment of expenses allocation, while the revenue's appeal was dismissed. en-us Tue, 18 Oct 2016 00:00:00 +0530 Mon, 12 Dec 2016 18:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335900 The revenue's appeal was dismissed due to the tax effect being below Rs. 10 lakhs as per CBDT Circular No.21/2015. The assessee's appeal contested the allocation of expenses between the Head office and SEZ unit. The Ld CIT(A) partially upheld the AO's allocation based on turnover ratios but disagreed on certain expenses. The Tribunal agreed with the revenue that common expenses were not accounted for in the SEZ unit, remanding the Block insurance policy issue for further examination. Ultimately, the assessee's appeal was partly allowed, challenging the partial sustainment of expenses allocation, while the revenue's appeal was dismissed. Case-Laws Income Tax Tue, 18 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335900