Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (9) TMI 780 - HC - Income TaxNot allowing reduction being "indirect costs attributable to incomes other than exports", for computing "indirect costs attributable to export u/s 80HHC. - Held that:- In conclusion, we may state that u/s 80HHC(3)(b) one has to balance the "principle of attribution' with the concept of "allocation". The concept of allocation is meant to reduce the incentive. However, when 'allocation' has to be balanced with the "principle of attribution", the object is to reduce the incentive and not to eliminate it." - decided in favour of Assessee.
|