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.
Though assessee shown as “owner” of demat shares in depository’s books, if he shows to be mere “pledgee”, there is no “benefit” u/s 2(24)(iv)
Foreign artistes are chargeable to tax in India but their agents are not in the absence of PE- ITAT Mumbai
Consideration received by Singapore Company on sale of computer software cannot be treated as royalty
No Penalty on remittance without deduction of tax on the basis of CA Certificate
Compensation including interest not taxable in absence of PE
Passing of order by the tax officer not mandatory for filing an appeal under Section 248 of the Income-tax Act, before the CIT (Appeals)
Interest on refund has to be granted when withholding tax is paid pursuant to the AO’s order under section 195(2)
Sale of identical goods to non-AEs cannot be taken as comparable under CUP, if there are significant differences in quantity sold, geography and cust
Capital gains on transfer of tenancy right, not being in the nature of land or building or both, cannot attract provisions of S. 50C
For an asset intensive industry, the appropriate Profit Level Indicator
Arm’s length price should be based on the functional and asset profile of the company
Prescribed methods to be followed for ALP determination and interest on outstanding trade balances not the same as interest on loan
Provision made for bad and doubtful debts to be included in the ‘Book Profit’ for the purpose of MAT
No Penalty for bonafide difference of opinion in selection of transfer pricing method
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.
