https://www.taxtmi.com/caselaws?id=769926 ITAT Mumbai allowed the assessee bank's appeal regarding bad debt write-off under Section 36(1)(vii), following Supreme Court precedent in Vijaya Bank case, reversing AO's disallowance. For penalty/fine payments under Section 37(1), tribunal allowed deduction for consumer court penalty and ATM transaction penalty as these weren't for legal offences, but remanded one penalty amount for factual verification. Regarding provident fund contribution disallowance under Section 36(1)(va), tribunal directed AO to verify composition excluding NPS contributions and confirm actual delays before making disallowances, ensuring proper hearing opportunity. en-us Tue, 29 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769926 ITAT Mumbai allowed the assessee bank's appeal regarding bad debt write-off under Section 36(1)(vii), following Supreme Court precedent in Vijaya Bank case, reversing AO's disallowance. For penalty/fine payments under Section 37(1), tribunal allowed deduction for consumer court penalty and ATM transaction penalty as these weren't for legal offences, but remanded one penalty amount for factual verification. Regarding provident fund contribution disallowance under Section 36(1)(va), tribunal directed AO to verify composition excluding NPS contributions and confirm actual delays before making disallowances, ensuring proper hearing opportunity. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769926