Courts: ITAT Mumbai
5,841 articlesIncome Tax
Income Tax
Where shares are held as stock-in-trade no part of interest on borrowed funds can be disallowed u/s 14A as incurred in relation to Dividend income
Income Tax
Income Tax
Portfolio management services fees not allowed as deductions against capital gains
Income Tax
Income Tax
Mumbai ITAT rules that transfer of an undertaking under slump exchange is not liable to capital gains tax
Income Tax
Income Tax
Complete diminution investment Value to be added to book profits while computing MAT
Income Tax
Income Tax
Website development expense is revenue expenditure and amount advanced for it if become unrecoverable is allowable as “Bad Debt”
Income Tax
Income Tax
Assessee covered by DTAA will be eligible for credit of State taxes u/s 91 despite DTAA not providing for the same
Income Tax
Income Tax
Consideration for giving up rights to contest the will cannot be treated as other income
Income Tax
Income Tax
Gain on sale of shares to be treated as capital gain and not business income, despite large volume of sales
Income Tax
Income Tax
Section 54EC Relief available Even If Cheque Cleared after 6 Month Limit
Income Tax
Income Tax
ITAT Mumbai Rules despite high volume and short holding period, shares gain is STCG
Income Tax
Income Tax
B/F business losses can be set off against other sources of income which are in the nature of business income, though chargeable to tax under another head of income
Income Tax
Income Tax
India–Netherlands DTAA-Mere provision of a dredger on dry lease for carrying out dredging activity in India does not result in assessee having a PE
Income Tax
Income Tax
Powers under section 254(2) cannot be exercised for reviewing a considered and conscious decision on grounds which are inherently subjective and capable of debate and discussion on adoption of one view or the other
Income Tax
Income Tax
