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 263 jurisdiction cannot be exercised for substituting other possible view
No Section 271AAB Penalty if Search Proceedings were not initiated on assessee
When sales are not in doubt, then 100% disallowance for bogus purchases cannot be made
Disallowance of foreign exchange loss on buyer’s credit- ITAT remanded matter back to AO
Disallowance u/s 36(1)(va) deleted in absence of adequate intimation
Carry forward of capital loss, claimed via return filed u/s 153A, is unsustainable
Amount paid in excess of tangible asset value is goodwill which is eligible for depreciation
In case of parallel proceedings IBC, 2016 overrides Income-tax Act, 1961
No Section 271(1)(b) penalty where assessment is completed u/s 143(3)
Reassessment based on re-appreciation of facts already available on record is invalid
Sham Transaction cannot be alleged if other party is a statutory body
Subsidy as octroi duty refund to promote industrialization is a capital receipt
Section 40A(3) Disallowance via Section 143(1) intimation is untenable
Addition u/s 68 confirmed as amount credited in books lack genuineness
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.
