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 cannot determine ALP of Project at NIL if Assessee submit all relevant documents & bills
S. 54F benefit available even on Value exceeding actual consideration due to deemed fiction U/s. 50C
Assessee entitled to relief U/s. 91 in respect of tax paid in Bhutan on income earned in Bhutan
Addition U/s. 50C justified even in case of depreciable Asset if Assessee not challenges the value adopted by stamp valuation authority
TPO must justify arm’s length margin fixed by it
No Tax payable by Canadian Company on fees for included services by virtue of article 12(5)(a) of DTAA
Presumption as to validity of document wouldn’t discharge burden of proof cast on assessee U/s. 68, 69, 69A etc.
Matter related to Applicability of TDS on payments of air fare to freight agents located abroad remanded back to ITO
AO must make a reference to Valuation Officer in terms of S. 50C(2) if assessee objectes to stamp duty valuation
Network access charges are not software expenditure & are revenue in nature
Deemed dividend provision not applicable on loan received from company engaged mainly in lending business
Whether casual contract workers can be considered as regular workers u/s. 80-IB(2)
Shipping Business -Insurance claim will qualify for deduction U/s. 33AC only if it represents business profits of assessee
For income tax Purpose Working of actuarial surplus in accordance with rule 2 of First Schedule to insurance Act is valid
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.
