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.
Section 11(6) Depreciation not allowable if value of assets claimed as application of income
Exercising of revisional jurisdiction in a mechanical & cavalier manner is unsustainable
Service of Section 143(2) notice on wrong address is not a valid service
ITAT quashes assessment order for violation of principles of natural justice
Failure to upload Tax Audit Report due to demise of Auditor is a reasonable cause
Section 263 Revisional order not valid if passed without pointing out any inaccuracy in claim of assessee
ITAT can grant stay only if assessee pays or furnishes security of 20 % of tax in dispute
Mere book entries cannot change ownership of the property
Loss under Options Maxima Scheme claimed by agent is not allowable
TDS Liability is not attracted on Discount given to Distributors of Sim Cards: ITAT
Exemption u/s 10AA available on goods re-exported by approved SEZ unit
Levy of late fees u/s 234 prior to 1st June 2015 is unsustainable
Addition u/s 68 of the Income Tax Act based on generalized external information unsustainable
ITAT upheld Section 68 addition for purchase from creditors of unknown location & who are not paid
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.
