https://www.taxtmi.com/caselaws?id=276111 The Tribunal upheld the CIT(A)'s decision regarding the acceptance of separate books of accounts by the assessee, emphasizing the reasonableness of the allocation made by the assessee. The Tribunal also supported the allocation of husk cost at 10% for power plant operations, dismissing the revenue's challenge to allocate it at 55%. The Tribunal found the allocation at 10% to be reasonable and justifiable based on previous Tribunal orders. The issue of filing form No.10CCB report during scrutiny proceedings was dismissed by the Tribunal as it was not discussed by the CIT(A), leading to the revenue's appeal being dismissed. en-us Wed, 21 Feb 2018 00:00:00 +0530 Tue, 30 Oct 2018 09:59:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276111 The Tribunal upheld the CIT(A)'s decision regarding the acceptance of separate books of accounts by the assessee, emphasizing the reasonableness of the allocation made by the assessee. The Tribunal also supported the allocation of husk cost at 10% for power plant operations, dismissing the revenue's challenge to allocate it at 55%. The Tribunal found the allocation at 10% to be reasonable and justifiable based on previous Tribunal orders. The issue of filing form No.10CCB report during scrutiny proceedings was dismissed by the Tribunal as it was not discussed by the CIT(A), leading to the revenue's appeal being dismissed. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276111