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 not invokable if barred by limitation or there is absence of mala fide intention
Section 263 could be invoked if proper investigation not made
Addition based on mere loose papers not justified
Entire capital gains have to be included without computing benefits of indexation while computing 'book profits'
Allowing credit period to the AE has to be considered along with main international transaction of sale of goods
Income from subletting of property is to be assessed as business income
Transfer of beneficially held asset taxable as capital gains and not under other sources
Standby Maintenance Charges could not be termed as technical services u/s 9(1)(vii)
Businessman is best judge to decide its commercial expediency
Entries write back in absence of explanation is assessable as income
No deduction u/s 54 is allowed where assessee has constructed a house prior to the date of transfer of original house
No addition can be made u/s 2(22)(e) when assessee is not a shareholder
Loss in pension fund has to excluded from insurance business income
Exemption u/s 11 cannot be denied on giving interest free loan and renting of property
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.
