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.
Deduction U/s. 80-IB(10) not eligible if return not filed within due date, as prescribed U/s. 139(1)
Exemption U/s 54/54F eligible on Basement forming part of residential house
Charitable trust- Set-off of loss of earlier years against current year income is application of Income
No Penalty if AO himself not sure about charge on which penalty was to be levied
Section 40(a)(i) not applicable if No tax is deductible U/s. 195(1)
Exercise of revisional jurisdiction u/s 263 for adjustment of FBT in book profit
No TDS on payment for goods manufactured as per specification on principal-to-principal basis
Expenditure incurred for day-to-day improvement of existing business is capital expense
Shares held as stock-in-trade do not attract dis allowance u/s 14A
Section 54F: Jointly owned house will not be considered in house property calculation
Non issue of notice U/s. 143(2) invalidates reassessment
Benefit Match Proceeds not Taxable: ITAT Relief to cricketer Sameer Dighe
Provision for doubtful advances not allowable as Bad debts U/s. 36(1)(vii)
Mere admission of estimated income made during survey has no evidentiary value
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.
