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.
Principle of mutuality cannot be destroyed just because funds not parked with members
Operation of Rule 8D only from 2008-09 onwards
S. 90(2) applies to the extent beneficial to assessee
3rd Member opinion binding on Account member
ITAT may dismiss appeal for want of prosecution
Real not notional tax effect to be considered while computing monetary ceiling for appeals filed prior to 15.5.2008
Amendment to s. 40(a)(ia) retrospective from 1.4.2005
No penalty in absence of finding that return filed is incorrect or erroneous or false
Usance interest paid under letter of credit liable for TDS
Branch is not the PE in respect of the business done out of the supplies made by foreign principal
Amount received from sister concern cannot be treated as unexplained only on the basis that sister concern shows lower profit
Non TDS on sale of product
Transfer Pricing – Segmental accounts of assessee required to be considered for determination of assesses profit to total cost from international transaction
Software Customisation is ‘production’ of computer program and entitled for S. 10B benefits
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.
