Court held that the depreciation was not covered by Explanation (baa) to S. 80HHC of the Act and the expenditure incurred by the head office was a common expenditure for eligible and non-eligible units run by the assessee-company, and needed to be apportioned to determine the actual profits of the two types of units.( AY.2001-02)
Vardhman Holdings Ltd. v .CIT (2020) 425 ITR 253 (P&H)(HC)
S. 80HHC : Export business -Computation of profits — Common Expenditure for eligible and non-eligible units — Expenditure to be apportioned.