2006 (9) TMI 103

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....ibunal, Delhi Bench "A" in ITA No. 519/Del/97 relevant for the assessment year 1992-93. Along with this appeal, the Tribunal also heard ITA No. 2640/Del/1997 and disposed both of them by a common order but we are concerned, for the present, with ITA No. 519/Del/97. 2. The only question that has arisen in this case is with regard to short deduction of the assessee's claim under Section 80HHC of ....

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....also maintained separate books of account in respect of direct cost and indirect cost relating to the export activities as well as to the other activities. 6. It appears that the Assessing Officer did not take the other activities of the assessee into consideration and found that the direct cost and indirect cost claimed by the assessee in respect of its local sales were disproportionately high....

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....ch expenses could be taken into consideration for determining the direct cost and the indirect cost incurred by the assessee towards its export activities for calculating the deduction under Section 80 HHC of the Act. The Tribunal also considered the alternative situation that in the event the assessee is not maintaining separate books of accounts, then the expenses would have to be taken in the s....