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.
ATM is a computer equipment depreciation allowable at 60%
Single transaction cannot be accepted in part as speculative transaction and part in non speculative transaction
Addition on the basis of Diffrence in TDS and Commission – Reimbursed expenditure cannot be taken as income
Expenditure on addition or augmentation of profit making apparatus the nature of the expenditure would be capital
Fair Rent, Actual Rent Received and Standard rent – ITAT referred back to AO to verify additional evidence
Assessee entitled to interest u/s.244A of on tax paid in pursuance of the order passed by A.O. u/s.195
If original return filed in time then b/F losses can be set off in revised Return filed
No Tax to be withhold on Server and Web hosting Charges under Indo-USA DTAA
Finance Lease – Lessor Is Not Owner & only owner can claim Depreciation
Payments for transponder hire charges cannot be treated as ‘royalty’
Expense under FBT cannot be disallowed on the ground that same are not for business purpose
No reduction in WDV of fixed assets upon waiver of bank loan
No sec. 195 TDS Liability On Payer If Payee Not Assessed
S. 50B – Amount of liabilities being reflected in the negative net worth cannot be added to sale consideration for determining the capital gains on account of slump sale
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.
