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.
ITAT deletes presumptuous addition made without application of mind
Expense on purchase of precious metals for repair of machineries allowable
No Section 263 proceeding if AO taken one of the possible view
No TP adjustments for business advances given to AE where Assessee himself is ultimate beneficiary
Foreign Exchange Fluctuation Loss arising out of Re-Statement of ECB Allowed
No disallowance of discount for Non-Deduction of TDS
No Section 14A addition if no exempt income earned in relevant year
Expenses on Replacement of Jigs & Fixtures Allowable as revenue
Write-back of provision is taxable only if same was claimed as a deduction earlier
100% of Bogus Purchase cannot be disallowed as Sales are linked with Purchases
Surplus consideration received on ‘Surrender of Booking Rights’ tantamount to ‘Capital Gains’
Tenant is Deemed Owner in case of Long Term Lease & Rent Taxable as House Property Income
Dissimilar products cannot be taken to determine gross margin by RPM
TDS deductible on year-end provisions debited to profit & loss account
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.
