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.
Transfer Pricing – Important principles on turnover filter & comparison explained
DRP entitled to enhance by questioning very existence of transaction
ITAT Grants Stay as additions were on debatable Points
Deduction u/s. 80IA not allowable on interest on Margin Money, I-T refund, employee’s loan
No Transfer Pricing adjustments can be made if actual transaction price is within safe harbour limit of +/- 5%
Transfer Pricing – Even Business Advance Has To Be At Libor ALP – ITAT Mumbai
Same Income cannot be taxed both in the hand of Individual & HUF based on AIR Information
Provision for salary based on pay revision decision of Government is allowable
Benefit availed by director in purchasing property at a lesser value than Market Value May be Taxed as Perquisites in his hand
AO cannot make addition on ground, which is not subject matter of remand proceedings
Compliance with conditions u/s 72A is to be tested in relation to each amalgamating company
S. 80-IA(5) – Absorbed losses pre ‘initial assessment year’ need not be set off
In ALP computation TPO to consider forex gain which is part of operating income of Assessee
In Computation of ALP, company having large related party transactions or being functionally different from assessee cannot be taken as comparable
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.
