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.
Filing stay application before the lower authorities is directory and mandatory for filing stay application before ITAT
Allowability of premium paid in excess of face value of investments under HTM category
‘Market rate’ for inter divisional notional transfer price cannot be based on rate determined by the Regulator
Allowability of Contributions to superannuation fund, not in the nature of initial or ordinary annual contribution
Tax credit for tax withheld cannot be denied to the payee upon subsequent refund of the TDS to the deductor
Interest on fixed deposits effectively connected with PE is taxable as Business Income
Transfer Pricing- Supernormal profit making companies should be excluded from the comparable set
Authorised Dealer not liable to deduct tax on remittance to non-resident of sale proceeds representing short term capita
Tax deductor is entitled to interest on delayed refund when it is ordered to deduct tax even though no such liability ex
Outsourced clinical trial expenditure is not eligible for weighted Research and Development deduction
Prepayment of sales tax deferral loan on payment of net present value of future liability cannot be classified as remission
Depreciation on assets acquired out of foreign currency loans
The CIT must give reasons and basis for his conclusion that the order sought to be revised is erroneous
Profit on frequent purchase and sale of shares in short period by assessee has to be treated as `income from business’
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.
