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.
Income from operating & maintaining IT Park is taxable as business income
Investigation wing Information cannot be considered as external source information
Section 234C interest not applies to shortfall in advance tax payment on windfall gain/unexpected income
Compensation Received would be Capital in nature if Cost of Project gone down
Section 23(5) taxing Unsold Flats of Real Estate Business Applicable from A.Y. 2018-19
Interest withdrawal under section 244A(2) is outside the scope of section 154
Loss from penny stock cannot be disallowed if no manipulative activities
Section 80P deduction eligible on Interest received by Co-Op society from Co-Op bank
Write-off of Advances after closure of books not allowable
No addition u/s 41(1) in absence of Evidence of Remission or Cessation of Liability
Capital gain cannot be taxed till property gets actually transferred as per agreement
Section 69A Addition unsustainable as cash withdrawn was more than deposits due to demonetization
ITAT upheld disallowance at the rate of 12.5% of bogus purchases
ITAT condones Delay of 163 days as Section 143(1) Intimation received late
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.
