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.
Foreign company having Permanent Establishment in India cannot be taxed at the rate applicable to domestic company
Income from transfer of leased premises is taxable as Capital Gains under the Income-tax Act
Set off of long term capital loss with indexation against long term capital gains without indexation is allowable
Under “block of assets” even a closed unit is eligible for depreciation
Providing of fixtures & fittings to licencee of a premises would not make income from sub-letting of property as business income
Establishment of identity of creditor, creditworthiness of creditor and genuineness of transaction
Interest on funds borrowed for acquiring controlling interest not allowable expenditure under the Income Tax Act
Larger Bench rules tax holiday not available to a contractor/executor under the Income Tax Act
In case of gifted Assets, indexation benefit is available from the year of acquisition of the previous owner
Income earned by CA from audits will not be entitled to relief U/s. 80RR
Determination of ALV of a let out property
MAT need not be based on audited accounts not complying with the prescribed format: ITAT Mumbai
Tribunal got the power to rectify mistake apparent from the record but not empowered to rectify its own under u/s. 254(2)
Unilateral remission/cessation of liability by assessee will amount to obtaining of benefit under section 41(1)
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.
