https://www.taxtmi.com/caselaws?id=466585 Allocation of head office common expenses was limited by prior precedents and specified HO expenditures with no nexus were excluded; matter remitted to AO to apply earlier directions (partial allowance for assessee). Brought forward losses and unabsorbed depreciation were set off against unit profits under statutory text and binding precedent, reducing deductions (against assessee). Turnover for export deduction to be recomputed consistent with Supreme Court authority and remitted (remand allowed). Explanation (baa) treatment: 90% exclusion applied to commission and similar incomes, interest limited to 90% of net interest, royalty not reduced (mixed outcome). Realisation shortfalls and trading losses were disallowed against export turnover/profits; other expenditure items and accounting issues remitted to AO. en-us Fri, 02 Dec 2022 00:00:00 +0530 Fri, 13 Feb 2026 13:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466585 Allocation of head office common expenses was limited by prior precedents and specified HO expenditures with no nexus were excluded; matter remitted to AO to apply earlier directions (partial allowance for assessee). Brought forward losses and unabsorbed depreciation were set off against unit profits under statutory text and binding precedent, reducing deductions (against assessee). Turnover for export deduction to be recomputed consistent with Supreme Court authority and remitted (remand allowed). Explanation (baa) treatment: 90% exclusion applied to commission and similar incomes, interest limited to 90% of net interest, royalty not reduced (mixed outcome). Realisation shortfalls and trading losses were disallowed against export turnover/profits; other expenditure items and accounting issues remitted to AO. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466585