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.
TPO can take domestic unrelated parties as comparables if Assessee having similar transactions with them
AO requires to restrict himself only to year before him for considering whether there is any violation of s. 72A(2)
Dues of EPF, ESIC, etc., if deposited before due date of filing return, is allowable
Undisputed Tenancy Right is Capital Asset & Amount Received on its Surrender is Assessable as Capital gain
Demolition of house is ‘transfer’ & Exemption U/s. 54F may be withdrawn on such transfer
S. 194J Payment for Modeling to film actress Katrina Kaif not liable to TDS
TPO to furnish Assessee Info not available in Public domain on which he relied in selecting comparables
Insurance receipt on loss of stock & Technology transfer fee eligible for deduction U/s. 80HHC
S. 145A Value of inventory must include amount of excise duty paid on it
S. 14A disallowance can be made even if there is no exempt income
Interest on surplus funds, sales tax & excise refunds not eligible for exemption U/s. 10B
Loss to bank on revaluation of investment in G-Sec. is ‘revenue’ loss; Reassessment not justified
Objection before DRP can be filed by assessee in person or by his agent
Expenditure incurred after set up of business allowable even if Commercial production not started
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.
