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2015 (6) TMI 832 - AT - Income TaxAllocation of interest and expenditure on the basis of the utilization of loan amount among various units for the purpose of direction under section 80IA - Held that:- The issue regarding allocation of interest expenditure on the basis of the utilization of loan amount among various units for the purpose of deduction u/s. 80IA is squarely covered by the decision of the ITAT, Delhi ‘G’ Bench passed in assessee’s own case(A.Y. 2004-05) AND (A.Y. 2004-05). Respectfully, following the order of the Tribunal as aforesaid, we allow the appeal of the assessee on the similar lines and the impugned order is cancelled. - Decided in favour of assessee.
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