https://www.taxtmi.com/caselaws?id=466626 Foreign travel expenses for employees' spouses were allowed following coordinate-bench precedents. Allocation of head office common costs, research and interest expenses requires a shown nexus to the eligible unit; research and interest without nexus excluded, head office allocations remitted to AO for fresh determination. Brought forward losses and unabsorbed depreciation of a tea unit must be set off before computing the unit deduction. Calculation of export profit deduction applied precedents: certain scrap/misc receipts and unrealised proceeds remitted for verification; export trading losses disallowed. Actuarial pension provision was allowed. Closing stock adjustment for unutilised input credits and capital cost treatments for merger and scientific research remitted for adjudication under correct provisions. en-us Fri, 18 Aug 2023 00:00:00 +0530 Mon, 09 Feb 2026 12:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466626 Foreign travel expenses for employees' spouses were allowed following coordinate-bench precedents. Allocation of head office common costs, research and interest expenses requires a shown nexus to the eligible unit; research and interest without nexus excluded, head office allocations remitted to AO for fresh determination. Brought forward losses and unabsorbed depreciation of a tea unit must be set off before computing the unit deduction. Calculation of export profit deduction applied precedents: certain scrap/misc receipts and unrealised proceeds remitted for verification; export trading losses disallowed. Actuarial pension provision was allowed. Closing stock adjustment for unutilised input credits and capital cost treatments for merger and scientific research remitted for adjudication under correct provisions. Case-Laws Income Tax Fri, 18 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466626