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.
Just because benefits of research may have enduring benefit, expenditure cannot be considered as capital in nature
Period of holding to be reckoned from ‘date of purchase’ & not from date of demat
Payment by agent of assessee for purchases/ upgrades of software cannot be reimbursement
TP – A.O. cannot reject method adopted in earlier years if facts are identical
TDS not deductible on reimbursement of brokerage
S. 54G Amounts should be utilized for acquisition of assets for business purpose
In the absence of right to receive advance cannot be treated as Income
Assessee not entitled to deduction u/s. 54EC while computing book profit u/s. 115JB
S. 147 Reopening Void If Reasons Supplied After Reassessment Order
Assessing Officer must record ‘reasons’ before issuing notice u/s. 148
Post amendment in S.36(1)(vii), assessee is not required to demonstrate that debt is bad
No disallowance u/s 14A if tax-free investments capable of taxable income
No TDS u/s.194C in absence of contract between contractor & sub-contractor
No s. 14A disallowance if loan utilized for capital contribution in Partnership Firm
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.
