https://www.taxtmi.com/caselaws?id=776723 ITAT MUMBAI - AT held largely for the assessee: gratuity paid on actuals allowed under s.37(1); bad debts write-off accepted as claimed; ICDS adjustment addition deleted as records showed decreased profit; interest on funds advanced to subsidiary allowed following earlier year decision; catalyst expenditure disallowance not sustained and treated in assessee's favour; s.14A disallowance under Rule 8D deleted for lack of specific satisfaction; s.43B addition deleted as payments were made timely; claim for foreign tax credit restored to the AO to verify Form 67 and, if in order, allow relief under ss.90/91. en-us Tue, 12 Aug 2025 00:00:00 +0530 Mon, 18 Aug 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776723 ITAT MUMBAI - AT held largely for the assessee: gratuity paid on actuals allowed under s.37(1); bad debts write-off accepted as claimed; ICDS adjustment addition deleted as records showed decreased profit; interest on funds advanced to subsidiary allowed following earlier year decision; catalyst expenditure disallowance not sustained and treated in assessee's favour; s.14A disallowance under Rule 8D deleted for lack of specific satisfaction; s.43B addition deleted as payments were made timely; claim for foreign tax credit restored to the AO to verify Form 67 and, if in order, allow relief under ss.90/91. Case-Laws Income Tax Tue, 12 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776723