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.
Interest cannot be disallowed if assessee had ample funds at the time of investing in subsidiary companies
Maintainability of Assesses claim for deduction U/s. 80IA if he sets up windmills at different places in different years
Whether non-competition fee paid to assessee allowable as revenue expenditure?
Reference to Special Bench cannot be withdrawn merely for the reason that HC has admitted identical question of law in another case
Whether the notional interest on interest-free deposit from tenants is to be considered while determining the correct ALV u/s 23(1)(a)?
Presence of a profit motive cannot lead to a conclusion that the transaction has been entered into as an adventure in the nature of trade ; Profit on Sale of TDR held as Capital Gain
When assessee fails to rebut the addition made by the AO in respect of undisclosed income found during the search and also chooses not to file appeal against the huge quantum addition, penalty is warranted in such circumstances
Tax cannot be levied on an amount wrongly paid to a person because of a mistake made by the payer – ITAT Mumbai
AO to record satisfaction regarding existence of undisclosed income before proceeding u/s. 153C of the Act
Discrepancy shown in the tax audit report in respect of stock, which is duly explained by the assessee cannot be declared as unexplained investment
Whether mere sale of development rights would equate to activities of developer and builder eligible for deduction u/s. 80-IB
Loss from a 10A unit is to be adjusted against taxable profit of other units after allowing deduction under section 10A in respect of such eligible unit
Reasons are required to be recorded by the AO on valid material and an assessment cannot be reopened on mere assumptions
Bonus shares eligible for benefit u/s 115F of the Act if if original shares acquired in foreign currency – 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.
