Held that the administrative expenses are required to be incurred for all activities of the assessee-company, and therefore, the same are required to be allocated on a reasonable basis to arrive at profit from the incidental activities in accordance with s. 115V-I. (AY. 2018-19)
Shipping Corporation of India v. DCIT (2025) 235 TTJ 163 / 173 taxmann.com 190 (Mum)(Trib)
S. 115V-I: Shipping business-Shipping income-Allocation of administrative expenditure-Required to be allocated on a reasonable basis.
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