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.
Intra-bank transactions cannot always be rated at LIBOR
Challenge to sanctioned scheme of amalgamation in collateral proceeding is unsustainable
Form 10–IC filing Mandatory to Claim Reduced Corporate Tax Rate benefit
Reopening of assessment without valid reason is bad in law
Penalty u/s 271(1)(c) unsustainable in absence of concealment of income or furnishing of inaccurate particulars
Sales tax subsidy is capital receipt and not part of book profit u/s 115JB
Addition towards unexplained cash credit u/s 68 unsustainable as identity, creditworthiness and genuineness proved
Depreciation and maintenance of sports car allowable as used for business purpose
Interest income to co-operative society from investment with co-operative bank is eligible for deduction u/s 80P(2)(d)
Inland Haulage Charges covered under Article 9 of India-France Tax Treaty hence not taxable
Interest earned by co-operative society out of investment with co-operative bank is deductible u/s 80P(2)(d)
Industrial promotion subsidy is capital receipt not chargeable to tax
Amount of executive search fee is not ‘fee for technical services’ and hence not taxable
Bitumen/ bitumen emulsion/ cut back bitumen/ modified bitumen are mineral oil u/s. 80IB(a)
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.
