Court Upholds Profit Allocation Method for Section 10B Benefits; Manufacturing Profits Significantly Higher Than Overall Business Profits.

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....Entitlement to the benefit u/s 10B - the profit as per the tax audit report for the entire business activity is 6.14%, when the profit from actual manufacturing activity was 20.70%. - Adoption of turnover method to allocate profit cannot in the present facts be said to be perverse, in any manner. - HC....