Courts: ITAT Mumbai
Find latest ITAT Mumbai judgments, orders and case laws on income tax covering assessments, transfer pricing, international taxation, capital gains, TDS, reassessment and penalties.
Interest expense incurred for funds borrow to introduce capital is allowable as expenditure against remuneration income
Addition u/s. 69C treating share transactions as bogus only based on statement of broker unsustainable
Leave & License Fee assessable under Profits & Gains of Business
Penalty not warranted as non-reflection of foreign assets in return not malafide
ITAT Imposes ₹5,500 Cost on Assessee for Non-Appearance Before CIT(A)
Receipts taxable under FTS/FIS on failure to prove basis of cost allocation
Transfer of goodwill taxable under Capital Gain and not business income
Expenditure towards brand reminder, customer gifts, purchase of medical books and journals not allowable u/s 37(1)
Section 40A(2) governs allowability of expenditure relating to specified domestic transaction
Revenue cannot compute notional interest u/s. 13(2)(a) of Income Tax Act
RPM is most appropriate for Benchmarking Imported Men’s Wear Resale Transactions
TP adjustment deleted as ALP of ESOP expenses cannot be taken as NIL
Matter set back to AO to verify source of addition u/s 69C as explained before settlement commission
Penalty u/s 270A unsustainable as non-declaration cannot be equated as underreporting of income
ITAT Mumbai judgments and orders represent an extensive body of income-tax appellate jurisprudence covering individuals, businesses, companies and other taxpayers. This TaxGuru page brings together decisions relating to assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural disputes. Chartered Accountants, advocates, companies, taxpayers and tax professionals can use this collection to research ITAT Mumbai precedents and follow important developments under the Income-tax Act. The page includes recent as well as significant earlier Tribunal decisions published on TaxGuru, providing a comprehensive reference point for direct tax case-law research and appellate practice.
