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.
Contract for sale of goods will not be covered within ambit of section 194C of Income Tax Act, 1961
Mere fact of confirmation of addition cannot per se lead to confirmation of penalty U/s. 271(1)(c) of IT Act
Limitation of time is not a determining factor in matters relating to remission or cessation of liabilities
Capital expenditure on scientific research has to be in connection with the Assessee’s business to be allowable under section 35 of IT
Deduction under section 80-1A/1B of IT Act can not be disallowed for running a new unit with some plant & machinery taken on hire
Penalty U/s. 271(1)(c) can not be imposed on the basis of routine & general presumptions
Penalty U/s. 271(1)(c) of IT Act can not be imposed for mistake in calculation of deduction If Assessee furnished all the details
Notional advantage will not form part of actual rent received
Notional benefit will not form part of actual rent received as contemplated by section 23(1)(b) of IT Act
Morgan Stanley Advantage Services Pvt. Ltd. Vs. ITO (ITAT Mumbai)
Amount settled under premature payment option, leading to future sales tax not payable, is revenue income
Wilful concealment is not an essential ingredient for attracting penalty under section 271(1)(c) of IT Act : ITAT Mumbai
In case of gift from NRI not related to Assessee, onus is on the Assessee to substantiate the claim of genuine gifts: ITAT, Mumbai
Time limit prescribed for issuance of notice under section 143(2)(i) or 143(2)(ii) of IT Act
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.
