Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (12) TMI 602 - AT - Income TaxDeduction u/s 80IC - allocation of the cartage expenses and diesel and oil expenses among two units - determination of the eligible profit - HELD THAT:- CIT-A has considered all the aspects of the computation of the eligible income for deduction u/s 80IC of the act. The learned CIT – A has given the detailed reason with respect to the allocation of the cartage expenses and diesel and oil expenses towards the Badddi unit from the Noida unit. He also considered the allocation of the depreciation of the corporate office as common cost. He further examined the claim of the assessee with respect to the allocation of the manufacturing expenses between the 2 units with respect to the transfer of goods which resulted into reduction of the profits of the eligible unit. As Such he has considered all the arguments of the assessee with respect to the determination of the eligible profit. Thus, we do not find any infirmity with respect to any of the issues raised by assessee in the grounds of appeal. In view of the detail finding of the learned CIT – A, we do not find any infirmity in the order. Accordingly all the grounds of appeal are dismissed.
|