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.
Assessee can claim business expense after SEBI approval to commence business
Depreciation cannot be denied on block of assets in subsequent years
General overhead expenses on mall that was work-in-progress to be allowed as per AS-2
Interest on Loan taken to repay previous home loan allowable
Income arising out of trading of commodities at unrecognized stock exchange amounts to speculation income
Amended section 32(2) by Finance Act, 2001 applicable from A.Y. 2002-03 &subsequent years
TDS deductible on transponder fees paid to non-resident
Reopening u/s 148 not sustainable in absence of reason to believe that income has escaped assessment
In case of Encumbered Property, Stamp Duty value cannot be adopted as Sale Value
Disallowance U/s 40(a)(ia) cannot be made for shortfall due to difference of opinion as to taxability
Income from leave and licence fee was property income not a business income
Capital gain on transfer of land notified for establishing industrial park was liable to tax as it was non-agricultural land
AD-Hoc determination of ALP by TPO Not Sustainable in Law
No cessation of trading liability for mere non-submission of confirmation from creditors
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.
