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

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

No Profit in Intra-Group Sales, Not Liable for Commission Income: ITAT Rules in Avance Technologies Appeal [Read Order]

Advika Dwivedi

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that commission income cannot be assessed on circular intra-group transactions,...

AO Cannot make Additions on Issues Unrelated to Recorded Reopening Reasons: ITAT [Read Order]

Date of Share Transfer Determines “Holding Period”, Not Allotment Date: ITAT allows LTCG Exemption...

Reversal of Interest u/s 23 of MSMED Act Cannot Attract Addition In Absence of Deduction Claim: ITAT...

TOLA cannot Revive Reassessment Bar After 6 Years: ITAT Sets Aside ₹1.09 Cr Demand [Read Order]

Purchases Disallowed Merely Because Suppliers Failed to File ITR: ITAT Rejects Disallowance [Read Order]

The Income Tax Appellate Tribunal, Mumbai Bench (ITAT), held that purchase expenditure cannot be disallowed solely on the ground that suppliers failed to file their Income Tax Returns (ITRs). The...

Relief to Thermo Fisher in Transfer Pricing Dispute: ITAT Partly Allows Appeal on Royalty ALP, Benchmarking, Comparables, Aggregation and Working Capital Adjustments [Read Order]

The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) has partly allowed the appeal filed by Thermo Fisher Scientific India Pvt. Ltd. in a transfer pricing dispute involving determination of...

Section 11 Exemption Cannot Be Denied for Belated Form 10B Once Delay is Condoned: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that where the delay in filing the audit report in Form 10B has been duly condoned by the competent authority, exemption under...

Mere Change in Head of Loss Does Not Constitute Under-Reporting u/s 270A: ITAT Deletes ₹15.19 Cr Penalty [Read Order]

The Income Tax Appellate Tribunal, Mumbai Bench (ITAT), held that a mere change in the head under which a loss is classified cannot be treated as under-reporting of income for the purpose of...

CSR Funds Received With Specific Donor Conditions Not Automatically Taxable Income: ITAT Remands JM Financial Foundation Case [Read Order]

The Income Tax Appellate Tribunal (ITAT) Bench in Mumbai found that if a donor designates funds obtained through Corporate Social Responsibility (CSR), they cannot be automatically classed as...

No Addition Permissible in Unabated AY Without Incriminating Material Found During Search: ITAT Deletes Rs. 7.25 Crore Addition [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) deleted ₹7.25 crore addition under Section 68, holding that no addition can be made in an unabated assessment year without incriminating...

Annual Income Tax Case Digest: ITAT Decisions 2025 [Part XIX]

This annual round-up analytically summarises the key Direct Tax-Income Tax rulings of the Income Tax Appellate Tribunal (ITAT) reported on Taxscan.in in 2025 Bank of Baroda's Specific Condition...