Allocation of expenditure incurred by one unit to another without adequate base is unjustified

Hikal Limited Vs DCIT (ITAT Mumbai)

The expenditure incurred on Dombivali unit cannot be allocated to only EOU Toluja unit without any basis or sufficient material available on record.

Facts-

The assessee is engaged in business of manufacturing of agrochemical and Pharma products. Assessee filed its ROI declaring net loss at Rs. 2,06,12,394. The assessee has manufacturing units situated at various locations which are EOU units and are el

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