TaxTMI 
TaxTMI 
2006 (9) TMI 103
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..../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 the Income Tax Act. 3. According to the....
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....espect 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. According to him the assessee was loading the ....
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....termining 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 same ratio in which the export turnover was made by t....