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.
In absence of Comparables production loss shown by Assessee must be accepted
Batteries used with UPS and forming system for power back up qualifies for depreciation at 60%
Deduction U/s. 54F cannot be disallowed for mere non-depositing of amount in capital gains tax account scheme
Management charges paid to HO do not come within purview of section 44C
Submission of detailed submitted before AO in summarised & Tabular Form before CIT cannot be considered as submission of any new evidence
Tribunal should pass the order within three months of the hearing
Onus on assessee to justify allottment of shares to outsiders at exorbitant premium
TDS U/s. 194J not deductible on Payment for outright purchase of copyright and technical know-how
Appeal cannot be dismissed merely because it was filed in Paper form
In case of finance lease, lessor eligible to claim depreciation
ITAT restricts addition for Bogus purchases to 5% of purchase
Money received for issuing shares has to treated a capital receipt and cannot be taxed
Upfront fees paid to AAI is a commercial right entitled to depreciation @ 25%
No Cessation of liability if Amount forfeited is subject matter of civil suit and cannot be taxed
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.
