DEPUTY COMMISSIONER OF INCOME TAX, CHENNAI vs. ASHOK LEYLAND LIMITED, CHENNAI
In the result, appeal filed by the assessee is partly allowed and the
ITA 1663/CHNY/2024[2019-20]Status: DisposedITAT Chennai07 Jul 2025AY 2019-20
Bench: Shri Aby T. Varkey & Shri Amitabh Shukla
For Appellant: Mr.R. VijayaraghavanFor Respondent: Ms.Ann Marry Baby, CIT
Section 14ASection 92C
801A(8) which requires unit profitability to be based on the market value of the output.
Further, the CIT(A) failed to recognize and consider the invoice value of each chassis as the most appropriate method of determining the market value.
6.7. The CIT(A)-NFAC ought to have appreciated that all direct and indirect costs, attributable to manufacture
