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.
Guarantee commission Income should be spread over the period to which it relates
Applicability of Interest u/s. 234D to A.Y. commencing before 1-6-2003
S. 54F Exemption cannot be denied for delay in possession of property
Mere fact that the asset purchased had been leased back & vendor had undertaken to pay lease charges can not per se lead to the conclusion that transaction is sham
Non compete fees for giving up right to carry on business is taxable as business income
Entire unaccounted sales cannot be undisclosed income of assessee if Purchase is duly accounted
S. 115JA Doubtful debts debited to the P&L Account has to be added for book profit
Income from providing services to tenants is taxable as business income
Section 44AC covers only expenditure the benefit of which derived both by Head Office & Branch
Transfer pricing – Current year data can be used for comparability of international & uncontrolled transactions
Sec. 54EC exemption not available on deemed gain calculated u/s. 50C
S. 54F if assessee claims 2 flats as one, Exemption u/s 54EC if wife & daughters are co-holders?
In cases where principle of mutuality applicable, registration u/s. 12AA cannot be cancelled simply by relying on first proviso to S. 2(15)
Amendment to DTAA can’t be given retrospective effect unilaterally
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.
