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.
Post section 43(5) amendment derivatives losses have to be treated as non-speculation business losses for the purposes of set-off
Transfer Pricing – Transactional Net Margin Method (TNMM) At Enterprise Level Invalid
Deduction U/s. 54EC to be allowed before set off of brought Losses – ITAT Mumbai
Despite Loan, Shares Gain is STCG and Not Business Profit
Sachin Tedulkar can claim deduction u/s. 80RR on advertisement Income
Non Trading bad debts can not be allowed in computing taxable Income of the Assessee
Income Tax – Charges for data processing not ‘royalty’
Gain from Portfolio Management Scheme (PMS) not Business Profit – ITAT Mumbai
Section 50C Does Not Apply To Lease Rights
Service tax collected from customers not to be added while determining presumptive shipping income under section 44B
If AO finds actual rent received is less than the fair market rent because of the abnormally high interest-free security deposit, he can adjust it
No Tax On Redevelopment Gains For Society and Members – ITAT Mumbai
Grant of redevelopment rights on a property amounts to transfer of property, and gives rise to capital gains, liable to tax and provisions of Sec 50C are invokable in such a case
Set off of indexed long term capital loss permissible against non-indexed long term capital gains
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.
