https://www.taxtmi.com/caselaws?id=376203 The High Court held that only income from the manufacturing units was eligible for deduction under Section 80-IA. The court upheld the Commissioner of Income Tax (Appeals)'s allocation methodology for common expenditures, rejecting the Revenue's challenges. Additionally, the court ruled that the assessee could not receive a deduction exceeding the amount claimed in the return, in line with statutory limitations. Consequently, both substantial questions of law were decided in favor of the assessee, leading to the dismissal of the Tax Case (Appeals) without costs. en-us Mon, 07 Jan 2019 00:00:00 +0530 Thu, 04 Apr 2019 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376203 The High Court held that only income from the manufacturing units was eligible for deduction under Section 80-IA. The court upheld the Commissioner of Income Tax (Appeals)'s allocation methodology for common expenditures, rejecting the Revenue's challenges. Additionally, the court ruled that the assessee could not receive a deduction exceeding the amount claimed in the return, in line with statutory limitations. Consequently, both substantial questions of law were decided in favor of the assessee, leading to the dismissal of the Tax Case (Appeals) without costs. Case-Laws Income Tax Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376203