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.
No Logic in Rejection of CUP method on the ground that there was difference in dates of transactions with AEs and non AEs
Notional foreign exchange gains or losses is to be taken into account in computation of income
Cost of acquisition by successor during succession will not form part of cost of Asset
For properties acquired prior to 1-4-1981, cost of acquisition will be FMV as on 1-4-1981
WOA in joint names of different individuals can lead to a valid assessment/s u/s.153A
Notional depreciation not allowable while computing value of assets for wealth tax
Transfer pricing provisions do not put any cap on number of comparable to be selected by TPO
Allowability of expenses incurred on higher studies of director’s son
Deduction U/s. 10A allowable before setting off of losses and unabsorbed depreciation
Prior to AY 2008-09, disallowance of expenses relating to exempt income u/s. 14A is to be computed on a reasonable basis and not as per rule 8D
Claims not made in ROI can be made before & entertained by appellate authorities
Transaction with sister concerns at a comparatively low price not sufficient ground to reject Books
Deduction u/s. 80-IB(10) not dependent on manner of profit distribution among AOP members
Assessee entitled to Interest on TDS paid as per AO’s direction of which refund was granted subsequently by Appellate Authorities
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.
