https://www.taxtmi.com/caselaws?id=397297 The Court dismissed the appeal under Section 260A of the IT Act, upholding the decision of the Income Tax Appellate Tribunal regarding the allocation of Research and Development expenses for manufacturing units. The Court found that the benefits of Research and Development were availed by all units, leading to the apportionment of expenses, and concluded that the authorities' findings were well-founded in factual analysis and legal principles. The lack of evidence supporting the appellant's claim regarding the allocation of benefits to a specific unit resulted in the rejection of the appeal. en-us Mon, 02 Mar 2020 00:00:00 +0530 Thu, 13 Aug 2020 09:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397297 The Court dismissed the appeal under Section 260A of the IT Act, upholding the decision of the Income Tax Appellate Tribunal regarding the allocation of Research and Development expenses for manufacturing units. The Court found that the benefits of Research and Development were availed by all units, leading to the apportionment of expenses, and concluded that the authorities' findings were well-founded in factual analysis and legal principles. The lack of evidence supporting the appellant's claim regarding the allocation of benefits to a specific unit resulted in the rejection of the appeal. Case-Laws Income Tax Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397297