Exemption u/s 10B - as the assessee has failed to demonstrate ...

Assessee denied Section 10B exemption; failed to prove no indirect salary and bonus costs for Vapi Unit.

February 18, 2016

Case Laws Income Tax AT

Exemption u/s 10B - as the assessee has failed to demonstrate with convincing reason that no indirect expenditure on account of salary and bonus was incurred in respect of Vapi Unit, we uphold the view of the Departmental Authorities that salary expenditure has to be allocated to both the units on the basis of turnover - AT

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Exemption u/s 10B - as the assessee has failed to demonstrate ...

Assessee denied Section 10B exemption; failed to prove no indirect salary and bonus costs for Vapi Unit.

February 18, 2016

Case Laws Income Tax AT

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