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.
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)
Interest income from Fixed deposits not eligible for deduction u/s 10A/10B
Taxability of Income of a non-resident shipping company can in India
Consideration for permission to use TDR / FSI not chargeable to tax
Gains on sale of shares allotted under cashless ESOP plan not taxable as capital gains
Even capital profits have to be added to “book profits” for S.115JB
Short-term capital loss from a transaction can be set-off against short-term capital gain from any transaction at the option of the taxpayer
Profit element on sale of DEPB, i.e., the amount in excess of sale proceeds over the face value is covered u/s 28(iiid)
Penalty levied with reference to revised return is bad in law when the revised return has been treated as non-est
Expenses incurred towards training cannot be termed as fee for technical services
Determination of nature of fees received by a foreign company from its Indian branch
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.
