https://www.taxtmi.com/caselaws?id=770905 ITAT Ahmedabad addressed deduction u/s 80JJA denial and addition u/s 14A for excess expenses against exempt income. The tribunal directed AO to allow 80JJA deduction with lenient view considering procedural requirement change, but remanded matter to verify five-year eligibility period from bio-fertilizer business commencement. Regarding 14A addition, tribunal upheld proportionate allocation of employee benefit expenses due to specialized agricultural operations requiring more manpower than claimed. Finance cost allocation was deleted as no evidence showed borrowed funds used for agriculture. Depreciation and other expenses matters were remanded to AO for verification of actual agricultural asset deployment and expense connection. Appeal partly allowed for statistical purposes. en-us Wed, 14 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770905 ITAT Ahmedabad addressed deduction u/s 80JJA denial and addition u/s 14A for excess expenses against exempt income. The tribunal directed AO to allow 80JJA deduction with lenient view considering procedural requirement change, but remanded matter to verify five-year eligibility period from bio-fertilizer business commencement. Regarding 14A addition, tribunal upheld proportionate allocation of employee benefit expenses due to specialized agricultural operations requiring more manpower than claimed. Finance cost allocation was deleted as no evidence showed borrowed funds used for agriculture. Depreciation and other expenses matters were remanded to AO for verification of actual agricultural asset deployment and expense connection. Appeal partly allowed for statistical purposes. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770905