ITAT Mumbai Orders Allocation of Head-Office Costs to Eligible Units to Compute 10B/80-IB Deductions

Hindustan Unilever Ltd Vs DCIT (ITAT Mumbai) Background and procedural posture The appeals arise from the assessment year 2004–05. Both the assessee and the Revenue appealed against the CIT(A)’s order dated 24/11/2017. The assessee’s appeal raised numerous grounds (allocation of head-office/common expenses for computation of deductions under sections 10B and 80-IB; section 14A; adjustment of closing stock for unutilised CENVAT under section 145A; reductions under section 80-HHC; treatment of miscellaneous income, internal transfers and premium on termination of trademark agreement; disco...