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.
Capital gain taxable in the hands of legal owner who transferred property by registering sale deed
Penalty u/s 271(1)(c) not imposable when addition is on adhoc basis
Initiation of proceedings u/s 153C based on documents impounded during survey u/s 133A is bad in law
Expense not liable as international transaction in absence of agreement between assessee and AE
Compensation received due to non-performance of obligation is capital receipt
Addition u/s 45 unsustainable as commercial expediency not contravened
Revenue appeal below monetary limit not maintainable
No TDS on reimbursements to directors and on traded goods supplied to client
TDS u/s 194C not deductible on payment under ‘Sales or Return’ agreement
Non-resident income not taxable simply by mentioning of status as resident in the return
Addition based on seized paper without corroborative evidence is untenable
All conditions of paragraph 4.2 of Article 24 of DTAA needs to be satisfied simultaneously
Additional amount paid on FCCB is revenue expenditure
Loss on sale of unusable old/ obsolete inventory allowable
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.
