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 80IB and 80IC corresponding to allocation of R&D expenditure allowed
Date of allotment letter for stamp duty valuation should be considered for section 56(2)(x)
Asset cannot be said to be held as stock-in-trade in absence of evidence proving the same
Exemption u/s 54F available towards purchase of residential property one year before the sale of capital asset
Interest paid by Indian Branch to Head office is not taxable in India in terms of India-France DTAA
Education cess paid by assessee is not allowable as expense u/s. 37
Payment towards brokerage service not covered as FTS/FIS is not taxable in India
Denial of credit of TDS which duly pertains to assessee not permissible
Addition of commission income earned on different transaction by providing accommodation entries sustainable
Catalyst used as consumables is allowable revenue expenditure
Addition of difference in stock & valuation report without credible evidence is unsustainable
Not Striking Out of Irrelevant Ground Vitiates Section 271(1)(c) Penalty Proceedings
Invocation of revisional jurisdiction u/s 263 on mere conjectures, suspicions and surmises, is impermissible
Start-up company incurring cost for branding prior to product launch is allowable expenditure
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.
