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.
Deduction u/s 36(1)(va) allowed if payment made on day next to due date, as due date being a holiday
Penalty u/s 271(1)(c) untenable as making of claim doesn’t amount to furnishing of inaccurate particulars
AO directed to examine leasehold or complete right over property vis-à-vis applicability of section 50C
Addition for Sponsorship Contributions- Additional Evidence – ITAT directs AO to re-adjudicate
Issue of notice u/s 148 against deceased assessee is null in the eyes of law
Changes in section 139(4) & 139(5) by Finance Act 2016 not retrospective
Provisions of section 56(2)(x) are prospectively applicable only from 01.04.2017
ITAT allows interest expense liability provision
Order of AO can be challenged before CIT(A), Not ITAT – Appeal Dismissed
Order passed without considering documents and examining residential status needs to be restore back
Disallowance u/s 14A restricted to the extent of exempt income
Addition u/s 68 sustained as genuineness of the transaction not proved
Penalty not leviable as disallowance u/s 14A made on estimate basis
Deduction u/s 80P(2)(d) is available on entire interest income which includes amount credited to balance sheet
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.
