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.
Employees’ PF/ ESI Contribution allowable as a deduction u/s 36(1)(va) if paid by due date prescribed therein
Loan Prepayment charges allowed as deduction from house property income
TP- Comparability of High End Cos with Low End Cos in ITES/ BPO Sector
Loss on foreign currency forward contracts which is not in respect of specified export or import is speculation loss
AO can invoke Rule 8D only when he records satisfaction in regard to the correctness of the claim of the assessee
Rental income from business centre is business income
Tribunal can allow credit u/s. 90 which was inadvertently mentioned as ‘Advance tax’
Transfer Pricing -Domestic leg of cross-border deal, even if consequential to overseas deal by parent AE, not covered if terms not dictated by parent AE
Mere facilitation services with regard to the selection of awardees isn’t a technical service
Balance needs to be maintained between the principle of consistency and the rule of res judicata
Payment made for violation of byelaws of stock exchange is allowable expense
WDV has to be arrived at only after reducing depreciation actually allowed
Sec.40A(2) – Concrete evidence or material must to allocate unreasonable &excessive expenses for purpose of disallowance
Foreign trip Expenses on spouse of Director not allowable unless connected with business
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.
