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.
Withdrawal of Circular no. 23 dated 23 July 1969 by CBDT is prospective in nature and will not apply to the pending cases
Interest under s. 220(2) is leviable for default in payment of tax from the date of default till the date of admission of application for settlement by Settlement Commission
Payment for VSAT/Transaction charges made by a Stock Broker to Stock Exchange is not fee for technical services u/s 194J
Assessment made on the basis of time barred notice u/s 143(2) is not legal
Computation of perquisite value as per the rule is based on the annual salary and not on the basis of salary from one employer
Notice–143(2)- validity of service – notice by affixture- important issues dealt with
Bad debts written off cannot be factor to determine ALP of any international transaction
Taxability of capital gains in one of contracting states is not necessary to avail treaty benefits in other contracting state
Delayed payment of employees’ PF contribution allowable u/s 43B of The Income Tax Act
Non-exempt capital loss cannot be set off against exempt capital gains
Expenditure incurred by the assessee on leased premises, cannot be treated as capital expenditure and has to be allowed as Revenue expenditure
TPO cannot follow a method which is not authorized by the Income Tax Act or the Income Tax Rules to determine the arm’s length price
Co-operative Bank entitled to deduction U/s 80P(2)(a)(i) on amount of interest received U/s 244A on Income tax Refund
No addition can be made or sustained simply on basis of statement recorded at the time of survey/search
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.
