Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Trade Discount on sales after considering commercial expediency & accrual method of accounting is allowable claim
Income Tax
Income Tax
ITAT explains when an individual or a HUF can be treated as ‘not ordinarily resident’ in India
Income Tax
Income Tax
Pre-Meditated/ Self Inflicted Loss by giving loan to related concern at concessional Rate not allowable
Income Tax
Income Tax
No TDS U/s. 194C on finished goods supplied as per specification of Assessee
Income Tax
Income Tax
TDS U/s.194I not deductible on lease premium paid to acquire land on lease with substantial right
Income Tax
Income Tax
Mere transfer of unexpired contracts cannot be treated as Capital Expenditure
Income Tax
Income Tax
Only Functionally Comparable Company should be compared for applying margin percentage
Income Tax
Income Tax
Earlier year’s appellate decision could not be applied if facts of current year has changed
Income Tax
Income Tax
Discount on ESOP being in the nature of employee cost, allowed u/s 37 subject to adjustment for lapsed /unvested options
Income Tax
Income Tax
Disallowance u/s 14A while computing book profit u/s 115JB permitted, covered in explanation to Sec.115JB (2)
Income Tax
Income Tax
No review power vest with ITAT, only authorized to amend his order for mistake apparent from records u/s 254 (2)
Income Tax
Income Tax
Mark to market loss on foreign currency derivatives transaction being a non-speculation loss not covered u/s 43(5)
Income Tax
Income Tax
Penalty u/s 271E may not be imposed where circumstances compels assessee to make repayment in cash
Income Tax
Income Tax
