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.
Expenses on investigations pursuant to certain SEBI directions are allowable
Section 14A Dis allowance cannot exceed exempt income
Purchase not bogus for mere non-service of notices U/s. 133(6) at the given addresses
Section 54: Prior to amendment on 1-4-2015 no restriction on number of residential property
On bogus purchases reasonable GP rate would be applied and added to assessee’s income, and not entire bogus purchases
Film Projector entitled for higher rate of depreciation of 60%
Notice U/s. 274 r.w.s. 271(1)(c) is untenable if issued without application of mind
Rent received by Association of Co-Owners Whose only Objective is to Derive Income from Letting out of Property is Taxable as ‘Income from House Property’
Investments held as stock-in-trade do not attract disallowance U/s. 14A
Addition on estimated basis by rejecting books without any adverse material cannot stand
Mere change of opinion on same facts and law does not justify a reassessment
Recording of satisfaction in assessment order about initiation of penalty is must
Maintenance charges deductible in ALV calculation of Let Out House Property
Additional depreciation eligible on wind turbine generators used for generation of electricity
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.
