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.
Capital expenditure/ revenue expenditure – No reassessment in subsequent years – Reassessment quashed
For indexation, date should be reckoned from the date from which original owner held property
Severe fall in standards of CA profession – ITAT
Assessee can maintain two separate portfolios, one for investment & other for business of dealing in shares
Purchases cannot be bogus for mere listing of supplier as hawala dealer
Disallowance U/s. 14A cannot exceed expenditure claimed as a deduction
Transfer Pricing: Share application money cannot be treated as loan for taxing notional interest despite non-allotment of shares for long time
No penalty for mere failure to compute capital gains U/s. 50C
Section 54/54F Exemption if more than one new flats constitutes one residential house?
Salman Khan Gets relief in Penalty case – No Penalty if two views possible
Accepting/ repaying loans/ advances via journal entries contravenes Section 269SS & 269T
Capital Gain on depreciable assets held for more than 3 years is to be taxed at rate applicable to LTCG
ITAT fined AO and CIT for filing frivolous appeal
Share application money cannot be treated as loan for mere delay in allotment
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.
