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.
Disallowance u/s 14A untenable for non-satisfying the formula contained in rule 8D
Section 35(2AB) deduction- ITAT allows Revision of unverified revenue expenditure
Section 35(1)(ii) deduction cannot be denied for subsequent retrospective cancellation of approval
Addition u/s 68 of the Income Tax Act unsustainable in absence of fresh receipt of money
Disallowance of interest u/r 8D(2)(ii) unsustainable as investments made out of interest free funds
Disallowance of expenditure incurred towards film not released is unsustainable
Sell of properties of borrower by bankers/ARCs – Govt should ensure mechanism to recover tax from recipient
Foreign Tax Credit: Filing of Form No. 67 is not mandatory but directory
Assessee cannot be faulted if seller is not traceable or his name appears in list of non-genuine dealer
Late Fees not applicable under Section 234E of Income Tax Act pertaining to The Period of Tax Deduction Prior to 01.06.2015
Foreign Tax Credit cannot be denied if Form 67 prescribed under Rule 128 of Income Tax Rules not filed
Addition under Section 68 unsustainable in absence of establishment of links between evidences
Percentage completion method followed by the developer is acceptable
Section 115JB benefit Not Available When Net Worth of Sick company Turns Positive
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.
