https://www.taxtmi.com/caselaws?id=777076 ITAT MUMBAI - AT upheld the CIT(A): no disallowance under s.14A read with r.8D since the assessee earned no exempt income; marketing and sales-promotion costs for e-commerce expansion were allowed as revenue expenses and AO's additions were deleted; corresponding additions to book profits under s.115JB were also disallowed because those expenses were not charged to the P&L, avoiding double taxation; claim for foreign tax credit supported by Form 67 filed late was not rejected outright and the matter was remitted to the Jurisdictional AO for verification in light of precedent, allowing the claim if records warrant. en-us Wed, 28 May 2025 00:00:00 +0530 Fri, 22 Aug 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777076 ITAT MUMBAI - AT upheld the CIT(A): no disallowance under s.14A read with r.8D since the assessee earned no exempt income; marketing and sales-promotion costs for e-commerce expansion were allowed as revenue expenses and AO's additions were deleted; corresponding additions to book profits under s.115JB were also disallowed because those expenses were not charged to the P&L, avoiding double taxation; claim for foreign tax credit supported by Form 67 filed late was not rejected outright and the matter was remitted to the Jurisdictional AO for verification in light of precedent, allowing the claim if records warrant. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777076