https://www.taxtmi.com/caselaws?id=469810 In computing deduction under section 80IA, only expenses with a direct nexus to the eligible undertaking can be loaded to its profits, so general corporate office costs, head office depreciation and non-specific corporate advertisement expenses were not allocable to the units. Ad hoc disallowance of staff welfare expenditure for lunch, refreshments, tea and coffee was also unsustainable where the entertainment-expense restriction had been omitted and no business-purpose defect was shown. Interest attributed to an alleged working-capital deficit of the Goa undertaking was deleted because the deficit was assessed selectively and the assessee showed sufficient own funds. A purely legal additional ground on lease rent and depreciation was admitted and dealt with for statistical purposes. en-us Wed, 03 Apr 2024 00:00:00 +0530 Sat, 04 Jul 2026 13:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469810 In computing deduction under section 80IA, only expenses with a direct nexus to the eligible undertaking can be loaded to its profits, so general corporate office costs, head office depreciation and non-specific corporate advertisement expenses were not allocable to the units. Ad hoc disallowance of staff welfare expenditure for lunch, refreshments, tea and coffee was also unsustainable where the entertainment-expense restriction had been omitted and no business-purpose defect was shown. Interest attributed to an alleged working-capital deficit of the Goa undertaking was deleted because the deficit was assessed selectively and the assessee showed sufficient own funds. A purely legal additional ground on lease rent and depreciation was admitted and dealt with for statistical purposes. Case-Laws Income Tax Wed, 03 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469810