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 Section 14A disallowance against expenses incurred to earn income eligible for deduction
S. 14A Expenses incurred in relation to the income which does not form part of ‘business profits’ cannot be allowed as deduction
Inclusion of ‘closing amount of Modvat’ in closing stock without modifying figures of purchases, sales & opening stock not justified
Where insufficient details were furnished to prove justification of applicability of CUP method, matter required fresh adjudication
No Penalty on tax payable as per MAT provisions if tax under normal Provisions is Nil
In the absence of PE, Business profit of eBay from India Specific websites not taxable
Object which seeks to promote or protect interest of a particular trade or industry is object of public utility
No disallowance for non deduction of TDS on amount credited / Paid after receipt of Nil Rate Certificate
Section 14A – No disallowance when no expenditure on tax free income
No Sec. 54 deduction on Acquisition of Perpetual Tenancy Right
Addition to Income on the basis of mere presumption, not sustainable
If income does not result at all, there cannot be a tax
Surrender of tenancy right is assessable as capital gain
Derivative transaction through MCX after 1-4-2006 to be treated as non-speculative
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.
