2019 (2) TMI 1442

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ne Amalsadvala, Mr. Hiten Chande I/b PDS Legal ORDER P.C. 1. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act) challenges the order dated 14th December, 2014 passed by the Income Tax Appellate Tribunal (the Tribunal). This appeal relates to Assessment Year 200607. 2. The Revenue urges the following substantial questions of law for our consideration : "(i) Wh....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nch for Assessment Year 2000-01 in respect of the same respondent assessee. It also notes the binding order of this Court dated 5th August, 2011 in CIT Vs. M/s. Monsanto India Ltd. (Income Tax Appeal No.633 of 2010 and other connected appeals) raising the same issue, which were dismissed by this Court. (b) Therefore, as the impugned order has followed the decision of this Court, no fault can be....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he two plants. The impugned order also records the fact that for the earlier assessment year i.e. A.Y. 200405, the Assessing Officer himself under Section 143(3) of the Act allocated the common corporate expenses at 10% between the two 80IB units. In the above view, the impugned order of the Tribunal concluded that as the respondent has provided a scientific basis for allocation of expenses and....