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 made for renewal of DOT licence should not fall under section 35ABB as it would fall more appropriately u/s 37
Purchase price of generic unpatented APIs from associated enterprises can be benchmarked against the price of same APIs
Gift in kind taxable only if received on or after 1-9-2004 under the provisions of Section 56(2)(v)
Surrender of Us-64 for conversion into UTI tax free bonds would not amount to transfer for purpose of section 45
TDS Credit Right of Payee- The Refund Made To the Tax Deductor, Even If Wrongful, Has No Adverse Impact on the Rights of the Assessee
A computer software when put into a media and sold, it becomes goods like any other audio cassette
Holding period for purposes of computation of capital gain is relevant only in relation to shares held as investment
Raising a legal claim, even if it is ultimately found to be legally unacceptable, cannot amount to furnishing of inaccurate particulars of income.
When an assessee-company exploits its property to earn income in form of rent, rental income received by assessee is chargeable to tax under head "income from house property" and not under head "profits and gains of business"
Mere non acceptance of Assessees Legal Claim will not amount to furnishing of inaccurate particulars of income
A business centre cannot be said to be a `house’ for purposes of clause (3) of section 2(ea) of Wealth-tax Act
Invoking provisions of section 80-IA(10) does not arise in case there are no transactions by assessee with any other person
Housing project for purpose of section 80-IB(10) does not include construction of commercial establishment carried out by another entity in that area
Indo-German DTAA – As per new Treaty, income from supervision activity like construction & installation of a project is to be treated as income of PE provided that said activity continues for a period exceeding six months as per article 5(2)(i) of DTAA
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.
