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.
Payment of commission in lieu of dividend is Tax Avoidance
Even prior to assessment year 2008-09, when rule 8D was not applicable, the AO had to enforce the provisions of sub-section (1) of section 14A
Transfer Pricing – Even Loss/High-Profit Companies Can Be Compared
Assessee entitled to deduction u/s 80IB(10) for residential cum commercial building approved by the local authority before insertion of clause (d) in s. 80-IB(10) w.e.f. 1st April, 2005 which is prospective and not retrospective
Inactivity for a limited period does not mean that business ceased to exist. Accordingly, expenditure is allowable even though no business income is earned during such period
Allowability of Interest when Assessee has also advanced interest free loan to sister concern
Period of limitation for CIT order u/s 263 for issue, which is not the subject matter of reassessment
If assessee fails to include modvat credit in closing stock value, AO not right in making additions on this ground U/s. 145A
If AO has examined the issue of loss arising out of fluctuation in foreign exchange, then reassessment cannot be initiated
Registration as Public Trust not necessary for registration u/s 12A – ITAT Mumbai
Penalty paid by a registered broker is not a fine for any infringement of law and hence allowable- ITAT Mumbai
CBDT Circular specifying monetary limits for filing appeals applies to pending appeals
Derivative trading income of FIIs taxable as capital gains, and not as ‘speculative’ income
WSA Shipping (Bombay) Private Ltd v. ADIT -ITAT Mumbai, Dated-13.05.2011
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.
