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2017 (12) TMI 1360 - HC - Income TaxDeduction under section 10B computation - disallowance on the ground that expenditure in nature of Director’s remuneration, bank charges, audit fees and the internal audit fees should be based on turnover and not on actual basis - Held that:- Having regard to the facts as emerging from the record, it is clear that the assessee had claimed deduction under section 10B of the Act on actual basis, whereas the Assessing Officer and the Commissioner (Appeals) have held that the same is required to be claimed on the basis of turnover. Considering the fact that separate accounts have been maintained by the assessee in respect of eligible and non-eligible units and a uniform practice has been followed by the assessee over a period of time for the purpose of claiming deduction under section 10B of the Act, no infirmity can be found in the impugned order passed by the Tribunal in holding that there was no warrant for computing deduction on the basis of turnover, instead of on actual basis
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