https://www.taxtmi.com/caselaws?id=466540 Deduction claims under investment-linked incentives were reinstated for de novo adjudication by the Assessing Officer, with the Tribunal directing that allocation of common expenses must be mirrored by allocation of common income. Claims under export profit deductions were similarly restored for fresh consideration, while the share of loss on traded exports was disallowed. Certain deductions already decided for prior years were accepted in favour of the taxpayer, including allowance of retirement pension provision and deletion of specified reimbursed expenses; sales tax collection issue and other identical contested items were remanded to the AO. Stamp duty on amalgamation was treated as capital cost allocable to assets; rent provision held allowable; restriction on exempt income expenditure confirmed at 0.45%. en-us Fri, 11 Jun 2021 00:00:00 +0530 Wed, 11 Feb 2026 20:44:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466540 Deduction claims under investment-linked incentives were reinstated for de novo adjudication by the Assessing Officer, with the Tribunal directing that allocation of common expenses must be mirrored by allocation of common income. Claims under export profit deductions were similarly restored for fresh consideration, while the share of loss on traded exports was disallowed. Certain deductions already decided for prior years were accepted in favour of the taxpayer, including allowance of retirement pension provision and deletion of specified reimbursed expenses; sales tax collection issue and other identical contested items were remanded to the AO. Stamp duty on amalgamation was treated as capital cost allocable to assets; rent provision held allowable; restriction on exempt income expenditure confirmed at 0.45%. Case-Laws Income Tax Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466540