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.
No section 263 revision by PCIT based on borrowed satisfaction
ITAT remanded case back to CIT(A) for denovo adjudication
Reopening invalid if no mention of failure on the part of assessee in reasons recorded
Burden of proof that lease rent paid to trustees was beyond FMV lies on Revenue
Addition on estimation by AO do not call for initiation of penalty
No Penalty for Addition for Bogus Purchases on estimated basis
Addition for On-money only of income element & not of entire amount
LTCG cannot be treated as Bogus merely on information from investigation wing
ITAT deletes addition for LTCG made without Independent Verification
Rent to wife of director for use of Bungalow for business purpose allowable
ITAT deletes section 56(2)(vii)(b) addition as land was not a fresh purchase
Taxable unit is a Foreign Company and not its Branch or PE in India
If two views possible, the one in favour of assessee should be adopted
Onus on Revenue demonstrate that PE of A Foreign Enterprise Exists In India
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.
