https://www.taxtmi.com/caselaws?id=786975 The article explains that salary charged to profit and loss was accepted in full as properly substantiated by audit records, and that where common expenses pertain to distinct undertakings the correct method to allocate such salaries for computing business-specific deductions is apportionment by relative turnover; accordingly the salary must be split between the power generation unit and the share trading business in the ratio of their turnovers and the relevant tax deduction recomputed on that basis, producing a partly favourable result for the taxpayer. en-us Mon, 16 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786975 The article explains that salary charged to profit and loss was accepted in full as properly substantiated by audit records, and that where common expenses pertain to distinct undertakings the correct method to allocate such salaries for computing business-specific deductions is apportionment by relative turnover; accordingly the salary must be split between the power generation unit and the share trading business in the ratio of their turnovers and the relevant tax deduction recomputed on that basis, producing a partly favourable result for the taxpayer. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786975