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.
Books of accounts cannot be treated as defective without pointing out the defects
Section -40(a)(ia) ITAT benches cannot overrule Special Bench Judgment in Merilyn Shipping
TDS U/s. 194C attracted on contract of putting up hoarding
Statutory impost paid as damages, penalty or interest, if compensatory in nature, is allowable as business expenditure
No Wealth tax on Assets Purchased by Wife out of loan from Husband- Shah Rukh khan gets relief
Addition U/s. 50C for mere variance with Stamp Duty Valuation without investigation not justified
Reopening on mere possibility of revenue loss is based on presumption & is invalid
Reference to DVO cannot be made if assessee has challenged the valuation by stamp authorities
Sham Transactions with object to reduce tax liability liable for Penalty
Sec. 194A TDS not deductible on Hundi discount as it is not interest
ITAT Cannot be Precluded from handling any point which appertains to assessment even if it is raised for the first time
A.O Cannot act as a reviewing authorithy u/s 147 of Income Tax Act,1961
ITAT explains how to serve Proper Notice by Post & affixtures
Reopening of assessment Beyond a period of 4 years without Approval of Joint Commissioner not valid
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.
