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HomeDirect TaxNon-Examination of Head Office Expense Allocation in S. 80-IA Claims Makes Assessment...

Non-Examination of Head Office Expense Allocation in S. 80-IA Claims Makes Assessment Erroneous: Calcutta HC

Direct Tax

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By Mariya Paliwala
Non-Examination of Head Office Expense Allocation in S. 80-IA Claims Makes Assessment Erroneous: Calcutta HC

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The Calcutta High Court has upheld the Principal Commissioner of Income Tax’s decision to revise assessments holding that the Assessing Officer (AO) failed to examine the allocation of common Head Office expenses while computing profits eligible for deduction under Section 80-IA. The bench of Justice Rajarshi Bharadwaj and Justice Uday Kumar dismissed three appeals filed…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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