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2014 (6) TMI 502 - AT - Income TaxDisallowance of expenses - Domestic segment being common expenses in the nature of rent, power, telephone, depreciation proportionately allocated to the export segment – Held that:- CIT(A) has recorded the finding that export segment services rendered by the assessee were outsourced and the expenses which have not been allocated by the assessee were not incurred for the purpose of export business – the findings recorded by the CIT(A) have not been controverted by the revenue - Outsource agreements were produced by assessee before the CIT(A) and perusing the same he has recorded the findings – thus, there was no infirmity in the order of the CIT(A) - the allocation as done by the AO was not required to be done in respect of expenses relating to rent, power, telephone and depreciation – Decided against Revenue.
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