https://www.taxtmi.com/caselaws?id=36172 Common overhead expenses in a composite tea and coffee business were required to be apportioned by a fair and workable formula, and the method reflected in rule 9 of the Madras Agricultural Income-tax Rules, 1955 was treated as a practical basis because it avoided artificial fluctuation and double allowance. Managing agency remuneration was also a common charge for the whole business, and in the absence of any special feature justifying a different approach, the same apportionment principle was considered appropriate for that item as well. The result was that common expenditure had to be recomputed on the same rational basis. en-us Mon, 26 Feb 1979 00:00:00 +0530 Fri, 19 Mar 2010 17:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36172 Common overhead expenses in a composite tea and coffee business were required to be apportioned by a fair and workable formula, and the method reflected in rule 9 of the Madras Agricultural Income-tax Rules, 1955 was treated as a practical basis because it avoided artificial fluctuation and double allowance. Managing agency remuneration was also a common charge for the whole business, and in the absence of any special feature justifying a different approach, the same apportionment principle was considered appropriate for that item as well. The result was that common expenditure had to be recomputed on the same rational basis. Case-Laws Income Tax Mon, 26 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36172