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.
Allowability of Long term capital loss on sale of shares of a group company partly to a related buyer and partly to an unconnected third party buyer
Rejection of stay application merely because it will not cause any genuine hardship to assessee
Consideration for transfer of sales tax incentive taxable as revenue receipt
Provision for foreseeable loss made in accordance with guidelines of AS-7 allowable
Direct and exclusive NRI Desk expenses incurred by head office not hit by section 44C
Disallowance u/s 14A for the period before AY 2008-09, should be restricted to 2% of dividend income
Ratio decidendi of a judgment prevails upo the contrary obiter dicta of another judgment
Unclaimed liabilities Assessable As Income Despite No Write-Back on failure to prove genuineness
Liability Paid subsequently cannot be added to the income of the Assessee
Banks Cannot Enter Into Operational Leases: ITAT Mumbai
Amount paid for supply of software which is not embedded in equipment is taxable as royalty
Sufficient cause not a license to file belated appeal and to get the delay condoned
FII cannot have business profits – Derivatives income not taxable as speculation income to FIIs
Recovery without notice & providing reasonable time is gross violation of Court directions
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.
