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 must intimate Assessee that reassessment proceedings been initiated with due approval
Expenditure on repair and renovation of leased premises is capital expenditure
Disallowance u/s 14A read with Rule 8D cannot exceed exempt income
Extended credit period to AE attracts TP adjustment
Reimbursement of medical expense is not perquisite u/s 17(2)
Employees' contribution to PF is eligible for Deduction U/s. 43B
Amount received under POA cannot be treated as income of receiver
Mere Invoking sec 50C not amounts to concealment or furnishing inaccurate particulars of income
Addition for Professional Fees- Merely based on AIR not sustainable
Additions based on mere AIR information not sustainable
Bogus purchases – Transaction with Hawala Party not necessarily mean all transaction of Assessee with him are bogus or sham
Penalty imposed u/s 271(1)(c) cannot survive if issue is debatable & admitted by HC
ITAT quashes 263 order on issue of shares at high premium
Decision of special bench is to be followed by other benches unless reversed by High Court
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.
