Deduction u/s 80 IB (10) - allowable expenses to project - Since ...

Case Laws Income Tax

January 10, 2021

Deduction u/s 80 IB (10) - allowable expenses to project - Since all the administrative expenses cannot be linked to the activities reasonably, it can be allocated reasonably to all the activities carried on by the assessee. We notice that assessee is currently carrying on 2 projects by name Classique and Royal and other activities i.e., sale of TDR - common administrative expenses must be allocated on all the activities carried on by the assessee therefore allocated based on gross revenue. - AT

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Deduction u/s 80 IB (10) - allowable expenses to project - Since ...

Case Laws Income Tax

January 10, 2021

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