https://www.taxtmi.com/caselaws?id=272587 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, dismissing the Revenue's appeal. The issue revolved around the deletion of disallowance for indirect expenses allocation to the eligible unit for deduction under section 80IC. The Tribunal emphasized the requirement of a direct connection between expenses and the eligible unit's profit, citing legal precedents. Consequently, the Tribunal ruled that expenses not directly incurred for the eligible unit cannot be reduced for computing the unit's profit eligible for deduction. The decision was delivered on December 4, 2015. en-us Fri, 04 Dec 2015 00:00:00 +0530 Wed, 09 May 2018 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272587 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, dismissing the Revenue's appeal. The issue revolved around the deletion of disallowance for indirect expenses allocation to the eligible unit for deduction under section 80IC. The Tribunal emphasized the requirement of a direct connection between expenses and the eligible unit's profit, citing legal precedents. Consequently, the Tribunal ruled that expenses not directly incurred for the eligible unit cannot be reduced for computing the unit's profit eligible for deduction. The decision was delivered on December 4, 2015. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272587