https://www.taxtmi.com/caselaws?id=752482 ITAT Ahmedabad partially allowed the assessee's appeal for AY 2010-11. The Tribunal remanded TP adjustment issues regarding business volume discount and geographical difference adjustments to TPO for re-adjudication, noting prior allowances in earlier years. Prior period expenses disallowance was deleted following tax-neutral principle. Section 14A disallowance was directed for recomputation considering only exempt income-earning investments. Bad debts claim of Rs. 6.51 lakhs was allowed as business loss under section 28. Excess depreciation disallowance was confirmed based on identical treatment in previous years. Book profit adjustment under section 115JB for section 14A expenses was deleted. en-us Fri, 26 Apr 2024 00:00:00 +0530 Fri, 10 May 2024 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752482 ITAT Ahmedabad partially allowed the assessee's appeal for AY 2010-11. The Tribunal remanded TP adjustment issues regarding business volume discount and geographical difference adjustments to TPO for re-adjudication, noting prior allowances in earlier years. Prior period expenses disallowance was deleted following tax-neutral principle. Section 14A disallowance was directed for recomputation considering only exempt income-earning investments. Bad debts claim of Rs. 6.51 lakhs was allowed as business loss under section 28. Excess depreciation disallowance was confirmed based on identical treatment in previous years. Book profit adjustment under section 115JB for section 14A expenses was deleted. Case-Laws Income Tax Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752482