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.
Assessee must be allowed TDS credit based on TDS certificate even if same is not reflected in 26AS
Foreign company deemed to have PE in India, If few places in India were at disposal of its employees
Section 54F – Allotment date not relevant if Assessee made substantial payment for acquisition of new Flat
Section 54F – Mere letter of allotment cannot be considered as investment in residential house
No disallowance U/s. 14A for investment in shares of subsidiaries & Joint Ventures
Adjustment in book profit for depreciation not permissible in depreciation amount is certified by the auditor
Addition for Subscription to share Capital by Kolkata based companies
Addition for loan received after deposit of Cash in Bank Account of loaner
ITAT Confirms Addition of 1% Commission on Hawala / Bogus Turnover
S. 54EC – 6 Month Means 6 British calendar Months
Section 56 not applies to bonus & rights shares offered on proportionate basis
Exemption u/s.54EC allowable in respect of gains arising u/s. 50 from transfer of depreciable asset
BPO / KPO Companies – Companies in ITES cannot be classified into low-end BPO services and high-end KPO services for TP comparability analysis
S. 80-IB(10) – Limit on extent of commercial area applies only to projects approved after 01.04.2005
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.
