ITAT Mumbai Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Mumbai

Explore the latest ITAT Mumbai judgments, orders, and appellate decisions on direct tax matters from the Mumbai bench of the Income Tax Appellate Tribunal

TDS - Form 26AS Mismatch - ITAT - taxscan.

Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]

Sneha Sukumaran Mullakkal

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to verify the taxpayer receipt and allow full credit...

Unexplained Cash Credit - ITAT- CIT(A) - Taxscan

₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion...

AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice...

Condonation - Spam Email - ITAT - 12AB Registration Application - CIT(E) - taxscan

Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read...

ITAT Deletes Unexplained Cash Credit Addition of ₹2.85 Lakh u/s 68 Due to Lack of AO Verification of...

Partnership Firm Losses Cannot be Added Back in Book Profit Calculation u/s 115JB:ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT ) ruled that partnership firm losses cannot be added back while calculating book profit under section 115JB of Income Tax Act,1961. ...

ITAT Allows Use of Extrapolated Data for Comparables With Different Year-End in ITeS Transfer Pricing Dispute Involving Goldman Sachs [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the use of extrapolated data for comparables with a different financial year-end in an ITeS transfer pricing dispute involving ...

Relief for Goldman Sachs: ITAT Deletes ₹19.8 lakh TP Adjustment u/s 92CA as Margins Exceeds Comparables [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Goldman Sachs by deleting a ₹19.8 lakh transfer pricing adjustment under section 92CA of Income Tax Act,1961 as margins...

Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A) [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the assessee's explanation for an unsigned loose paper found during search was not convincing and restored the Rs. 75 lakh ...

Gold Loan Account Records and Bank Records validates Gold Loan Business: ITAT deletes Addition of Cash Withdrawals u/s 69C [Read Order]

The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) deleted addition of cash withdrawal under Section 69C of the Income Tax Act, 1961, observing that the documentary evidence including gold...

Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) applied a 15% surcharge on the income of a private discretionary trust, as the total income did not exceed ₹2 crores. Anil Gala...

ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (A0) to delete surcharge of ₹1,11,269 and cess of ₹4,451 that had been wrongly levied despite the ...