https://www.taxtmi.com/highlights?id=88488 ITAT partially allowed the assessee's appeal regarding deduction u/s 80JJA and expenses allocation u/s 14A. The Tribunal directed the AO to re-examine the five-year deduction period for bio-fertilizer business and verify asset and expense allocations between agricultural and non-agricultural activities. Specifically, the Tribunal upheld proportionate allocation of employee benefit expenses, deleted finance cost allocation, and directed detailed verification of depreciation and other expenses related to agricultural operations. The appeal was allowed for statistical purposes with specific directions to the Assessing Officer for further examination and re-assessment. en-us Sat, 17 May 2025 08:39:12 +0530 Sat, 17 May 2025 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88488 ITAT partially allowed the assessee's appeal regarding deduction u/s 80JJA and expenses allocation u/s 14A. The Tribunal directed the AO to re-examine the five-year deduction period for bio-fertilizer business and verify asset and expense allocations between agricultural and non-agricultural activities. Specifically, the Tribunal upheld proportionate allocation of employee benefit expenses, deleted finance cost allocation, and directed detailed verification of depreciation and other expenses related to agricultural operations. The appeal was allowed for statistical purposes with specific directions to the Assessing Officer for further examination and re-assessment. Highlights Income Tax Sat, 17 May 2025 08:39:12 +0530 https://www.taxtmi.com/highlights?id=88488