https://www.taxtmi.com/caselaws?id=359015 Separate accounts and Form 10CCB for an eligible undertaking supported deduction under section 80IC, and an ad hoc restriction to 50% of eligible profits was not justified where the Revenue could not show shifting of expenses or defects in the unit's books. The article also notes that a commission expense debited to the eligible Dehradun unit, if disallowed, would only increase the unit's eligible profits for Chapter VI-A purposes, so the corresponding deduction would not be defeated. The settled principle applied is that disallowances linked to the eligible business enhance deductible profits rather than reducing the section 80IC claim. en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 23 Apr 2018 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359015 Separate accounts and Form 10CCB for an eligible undertaking supported deduction under section 80IC, and an ad hoc restriction to 50% of eligible profits was not justified where the Revenue could not show shifting of expenses or defects in the unit's books. The article also notes that a commission expense debited to the eligible Dehradun unit, if disallowed, would only increase the unit's eligible profits for Chapter VI-A purposes, so the corresponding deduction would not be defeated. The settled principle applied is that disallowances linked to the eligible business enhance deductible profits rather than reducing the section 80IC claim. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359015