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.
s.254(2)- Rectification application can be moved within the period of four years from the date of Tribunal Order
Transfer Fees received from Members in excess of those provided in by law by a plot society not taxable
Transfer pricing – Non-charging of interest in the controlled transactions is comparable with that of non-charging from the uncontrolled transactions, no transfer pricing adjustment can be made on this count
Stay of Demand -ITAT asks to furnish surety to Assessing Officer
Assessee entitled to claim deduction both under Sec.36(1)(vii) and Sec.36(1)(viia) of the Act but amount of deduction shall not exceed the amount by which such debt or part thereof exceeds the credit balance in the provision for bad and doubtful debts account
Interest payable U/s. 220(2) to be computed from the date of fresh assessment order if original been set aside
TP Adjustments to be restricted to international transactions and cannot form the basis for rejecting books of accounts
Interest on I-T refund received by foreign company taxable as interest income
Section 50C not applicable to tenancy rights and unregistered document
Payment of commission to Indian agent at arm’s length price does not relieve non-resident from further attribution of profits to PE in India
Consideration received by Assessee for software not royalty
Disallowance U/s. 14A as per Rule 8D can not be made for the period prior to 01.04.2008
No Capital Gain on transfer of FSI credit by way of TDR if cost could not be ascertained
Commercial production of mineral oil as per sec. 80IB (9) involves the activity of extracting oil from underneath of surface and transport it for 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.
