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.
AO cannot make adjustment to book profits certified by auditors to be computed as per prescribed accounting norms
Intention of letting out property is to be seen for section 23(1)(c)
No disallowance of interest for loan advanced to Sister Concern out of Share Capital and Reserves
Penalty cannot be imposed for mere non acceptance of claim made by Assessee
Rebate u/s 88E is allowable from the business income be it speculative or not
Entrance fee paid to golf association in order to develop contacts with other corporate leaders is allowable business expenditure
No concealment of income by the assessee if addition is merely based on deeming provision of sec 50C
Penalty u/s 271(1)(C) not leviable if substantial question of law exists
Income under any head of income is to be computed following the computation provisions only
Bogus sales / purchases- Addition based on mere statement of supplier not justified
Tax at source not deductible on reimbursement of cost
Recovery of expenses beyond normal period was in the nature of deemed loan in the hands of AEs and require TP adjustment
Notice served by ‘speed post’ is as valid as ‘registered post’ in the eyes of Law
Valuation of Derivatives can be done at cost or market price whichever is lower
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.
