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.
Prior scrutiny of accounts before referring them for special audit is sine qua-non and if the same has not been done the direction for special audit is bad in law and hence assessment framed becomes nullity
Hire charges received on account of hiring of the motor-cars, office equipment, computer, furniture and fixture is business income- ITAT Mumbai
Assessee is entitled to depreciation on Wind Electric Generators from the date on which it was installed and commissioned
If AO has not applied his mind while passing the order and did not call for the required details for completing the assessment, initiation of proceedings u/s 263 in such circumstances is valid
When the assessee successfully explains the source of share application money, the additions made u/s 68 are not sustainable
When assessee reverses a unilateral write back of dues payable to a vendor to its P & L account, the liability is to be treated as contingent liability
Sharing of office premises among the concerns is permissible when only one concern claims the deduction
When the assessee did not claim the additional depreciation in the return of income, it cannot be denied merely on such basis
Transfer Pricing – Initial burden is upon the assessee to prove the reasonableness of the method followed by the assessee-company
Value of TDR and the value of fully constructed industrial building can not stand on equal footing – ITAT Mumbai
Bar u/s 205 comes into force only after it is proved that TDS was deducted at source – ITAT Mumbai
When assessee has sufficient own funds, no disallowance for amount given on loan as interest free
Whether when assessee provides software services, expenses incurred on development of software are revenue ?
Composite consideration for share transfer and non-compete cannot be split up to tax non compete separately – ITAT Mumbai
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.
