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.
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
Mere making of a claim, which is not sustainable in law, by itself, will not amount to furnishing inaccurate particulars
Payment made by a member to its stock exchange for VSAT/ Lease line/BOLT/ Dem at charges is not fee for technical services u/s194J
Disallowance of expenditure u/s 40(a) in a case where assessee follows completed contract method
Right to set-off loss is a “vested right” which is available despite amendment in year of set-off
Payment of compensation for obtaining vacant & peaceful possession of premises cannot be allowed as revenue expenditure
Assessee is entitled for depreciation on assets of a closed unit which are part of block of assets
TDS is not required to be deducted from royalty payment made for distribution and marketing of cinematographic films on DVD and VCD
Effective date of transfer of shares for capital gains when agreement to transfer of shares is revocable
Expenses disallowed in the hands of the Company cannot be added in the taxable income of the Director of the Company
Tax on Rent Income forming Part of complex commercial activity
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.
