https://www.taxtmi.com/caselaws?id=424991 The ITAT upheld the rectification order passed by the AO under section 154, directing the allocation of corporate overhead expenditure based on turnover for tax holiday units. The ITAT deemed the failure to allocate overheads as a rectifiable mistake, following previous ITAT rulings. The appeal was partly allowed for statistical purposes, instructing the AO to adjust excess claims accordingly. The ITAT found no debatable issue, affirming the rectification under section 154. en-us Fri, 08 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424991 The ITAT upheld the rectification order passed by the AO under section 154, directing the allocation of corporate overhead expenditure based on turnover for tax holiday units. The ITAT deemed the failure to allocate overheads as a rectifiable mistake, following previous ITAT rulings. The appeal was partly allowed for statistical purposes, instructing the AO to adjust excess claims accordingly. The ITAT found no debatable issue, affirming the rectification under section 154. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424991