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.
ITAT Mumbai allows depreciation on licenses, approvals, registrations etc as intangible assets even though recorded as Goodwill in books
Interest and Damages Not Taxable Under DTAA if no PE
Exemption u/s 11 can not be denied merely on the ground that audit report was not filed with return of Income
Licenses / Approvals are Intangible asset and eligible for depreciation
‘Brand’ eligible for depreciation
Conversion of units of UTI into UTI tax free bonds would not be treated as transfer
Mere leasing of dredger (equipment) does not give rise to a permanent establishment
An entity cannot be disregarded merely because it is a tax resident of a country with which India has a favourable Tax Treaty
Treatment of unabsorbed depreciation of financial year 1996-97 to 2000-01
No withholding tax liability in case of payment made to producers, directors, and actors for financing film production under sections 194C and 194J of
Onus is on assessee to submit relevant data which must be examined by the revenue for ALP determination by applying prescribed methods
Royalty Payments not Taxable in India Sans Economic Nexus with Permanent Establishment
Assessee to follow one of the methods prescribed and demonstrates that international transactions entered with associated enterprise are at arm’s leng
Special Bench of ITAT on taxability of loss in case of forward foreign exchange contracts
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.
