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.
Provisions of TDS Chapter (Chapter XVII) are relevant only for ascertaining deductibility of tax at source and not for actual deduction and payment for attracting provisions of section 40(a)(ia)
Bad debt – Amount receivable by a share broker from his clients against purchase of shares when not recovered can be allowed as bad debt
As long as an AO has taken a possible view of a matter after applying his mind to facts of case and legal provision, view so taken cannot be subjected to revision proceedings under section 263 merely because the Commissioner has a different view of that matter
No section 14A disallowance for personal tax-free investments if business expenditure not disallowed on ground of being for personal purposes
If commercial transaction is at ALP, no transfer pricing addition for non-charging of interest on overdue debt can be made
Applicability of TDS provisions on Payment of Roaming Charges by a telecom company for the use of telecom equipments
TPO entitled to substitute ‘CUP’ for ‘TNMM’ to determine arms’ length price. For generic drugs, CUP is appropriate method despite quality differences
Notional Interest on deposit not includible in “Annual Value” u/s 23(1)(a) & 23(1)(b)
Revised AS 7 – ‘Construction Contract’ is applicable to only contractors and not to builders and real estate consultants
Financial Position of Appellant cannot be the sole criteria for grant of stay
Reimbursement of expenses cannot be subject matter of disallowance U/S. 40(a)(i)
When gift is not genuine, addition under section 68 is warranted
Appraisal report of survey team assist in making final assessment but that itself cannot become a final assessment
Transfer pricing study of assessee and ALP of international transactions determined on the basis of such study simply cannot be rejected without any cogent reasons
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.
