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2012 (5) TMI 336 - AT - Income TaxDeduction u/s 80HHC - direct cost - indirect expenses - held that:- Ld. JM is right in holding that only indirect costs attributable to export have to be reduced for computing the deduction u/s 80HHC in respect of export of trading goods and not all costs other than direct costs. In other words, first, attribution of indirect costs to the export of trading goods is to be made and then only scaling down in proportion is to be resorted to. - Decided in favor of assessee. Decision of Kerala High Court in the case of Parry Agro Industries Ltd. (2002 (3) TMI 9 (HC)) distinguished.
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