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.
Penalty u/s 271(1)(c) cannot be imposed where declaration of income is bonafide & no irregularities found by AO
Expenses on News/TV programs/Film rights not having enduring benefit allowed as revenue expenditure
Plausible view by AO being not an erroneous view, revision u/s 263 not sustainable
Mere mismatch of description cannot be a reason to treat the same as unexplained
Electricity duty is not a tax, duty cess or fee, section 43B is not attracted in respect of electricity duty collected by MSEB
Expense on feasibility study report for establishing BPO business for assessee’s own function is revenue in nature
Transfer of lease right in land and transfer of building being two different assets, Sec.50 applicable only on transfer of building
Re-opening being exceptional power, revenue to comply pre-requisite condition of ‘reasons’ strictly
Payment of broken period interest will be allowed as a business expense
Mere making an incorrect claim does not tantamount to furnishing inaccurate particulars
Trade Discount on sales after considering commercial expediency & accrual method of accounting is allowable claim
ITAT explains when an individual or a HUF can be treated as ‘not ordinarily resident’ in India
Pre-Meditated/ Self Inflicted Loss by giving loan to related concern at concessional Rate not allowable
No TDS U/s. 194C on finished goods supplied as per specification of Assessee
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.
