This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Allocation of expenditure incurred by one unit to another without adequate base is unjustified
Case Law Details
- Case Name
- Hikal Limited Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
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 eligible for deduction under section 10B. The assessee has other manufacturing units, which are non-EOU units.
The assessee was asked to show cause as to why the...
Author Info
