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TMI Blog2015 (1) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... said sum from indirect expenses being related to factory expenses – the similar matter has been decided in Hero Exports vs. Commissioner of Income-Tax, [2007 (11) TMI 13 - Supreme Court of India] - 10% of expenses for earning incentives, commission, interest etc. is required to be granted for computation of deductions u/s. 80HHC – Decided against the revenue. - TAX APPEAL NO. 296 of 2007 - - - D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oned in the ratio of export turnover to total turnover for the purposes of computation of deduction u/s.80HHC ? (C) Whether on the facts and in the circumstances of the case, the Tribunal was right in law in confirming the order of the CIT(A) whereby he reduced indirect costs by 10% of the amount of export incentives in the computation of deductions u/s. 80HHC ? 3. The facts of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e parties and considered the submissions. Ld. Advocate Mr. Shah for the assessee has contended that the amount referred is wrongly mentioned, but in fact, even before the Tribunal the amount referred to is ₹ 9,31,842/- which has been confirmed in para-19 of the order of Tribunal, which reads as under: 19. We have heard both the parties. In absence of any material to show that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he order of the CIT(A) whereby he excluded indirect expenses of ₹ 15,89,415/- purportedly relating to the factory from the indirect expenses to the apportioned in the ratio of export turnover to total turnover for the purposes of computation of deduction u/s.80HHC and it is also held that the Tribunal was right in law in confirming the order of the CIT(A) whereby he reduced indirect costs by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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