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.
Valid Revocable Trust can not be assessed as AOP
Section 41(1) addition merely based upon conjectures & surmises was not sustainable
Invalid & illegal Assessment order cannot be subject matter of section 263 proceedings
Escaped income from an asset outside India – Retrospective Section 149(1)(c) is Valid
Subsidy income derived from business of industrial undertaking eligible for section 80IB deduction
Different price provided to Services Providers not amounts to commission or brokerage
Income from letting out of Land independently forming part of Business Assets taxable as business income
ITAT allows Income tax exemption to Sharda Mandir High School
ITAT allows deduction for distribution of free samples to Doctors by Pharma Company
Set-off of LTCL on sale of quoted equity shares allowable against LTCG on sale of properties
No addition for unsecured loan received if Source & Nature explained
Trust not loses its character of being charitable merely for collection of charges
Amount received on account of share capital cannot to be treated as business income
An expense cannot be treated as Capital merely for increase in Turnover and Profit
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.
