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.
Expenses cannot be treated as bogus merely for accounting subsequent to date of search
Stamp duty value on date of allotment is to be taken as per first proviso to section 56(2)(vii)(b)
Non-resident individuals not required to disclose assets held outside India in ITR
Unsustainable Addition: Foreign Exchange Loss – Deduction Previously Allowed
Foreign travel expense of company employees’ spouse who accompanied on official tour is allowable
TDS credit available to Rinfra as both income and TDS credit is transferred by AEML to Rinfra
Taxpayer Lethargy and Non-Compliance Attract Additional Costs: ITAT Mumbai
Deduction u/s 80P(2)(d) duly available on interest income earned from cooperative bank
Denial of Exemption u/s 10(23C)(vi) justified as education not being the sole purpose
No penalty u/s 271(1)(c) can be imposed when income is estimated
Deduction u/s 10AA duly available to interest income earned from FD
Disallowance u/s 14A untenable on mechanical application of rule 8D
Bona fide belief of non-deduction of TDS vis-à-vis default u/s 201(1) and 201(1A) needs re-adjudication
Reopening u/s 147 without recording specific reasons is invalid
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.
