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
![Tax on Rental Income of Vacant Flat Limited to Municipal Value: ITAT restricts ₹5,026 as Rental Income [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097143-rental-income-taxscan.webp "Tax on Rental Income of Vacant Flat Limited to Municipal Value: ITAT restricts ₹5,026 as Rental Income [Read Order]")
Tax on Rental Income of Vacant Flat Limited to Municipal Value: ITAT restricts ₹5,026 as Rental Income [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restricted the rental income ₹5,026 and directed the Assessing Officer (AO) to restrict...
![Disallowance Restricted to 12.5% in Quantum Appeal: ITAT Deletes Penalty Citing Faulty Charge [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097123-itat-mumbai-disallowance-penalty-taxscan.webp "Disallowance Restricted to 12.5% in Quantum Appeal: ITAT Deletes Penalty Citing Faulty Charge [Read Order]")
![Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097116-reassessment-taxscan.webp "Third-Party Statement Basis for Reassessment of ₹2.86 Cr Cash Deposit: ITAT remands File to CIT(A) for Source Verification [Read Order]")
![CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097096-de-novo-adjudication-taxscan.webp "CIT(A) Restricts Addition on Alleged Bogus Transactions to 5% Instead of 100%: ITAT Orders De Novo Adjudication on Revenue’s Appeal [Read Order]")
![No Evidence of Price Rigging or Bogus Share Transactions: ITAT Quashes S. 68 Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/250x150_2097072-rigging-bogus-itat-quashes-taxscan.webp "No Evidence of Price Rigging or Bogus Share Transactions: ITAT Quashes S. 68 Addition [Read Order]")
Ignored Evidence and Incorrect Loan Amount: ITAT Quashes ₹74 Lakh Unexplained Investment Addition [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) remitted the matter back to the Assessing Officer (AO) for fresh examination, noting that the AO passed the order without considering...
![Ignored Evidence and Incorrect Loan Amount: ITAT Quashes ₹74 Lakh Unexplained Investment Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096887-itat-mumbai-unexplained-investment-addition.webp "Ignored Evidence and Incorrect Loan Amount: ITAT Quashes ₹74 Lakh Unexplained Investment Addition [Read Order]")
Rejection of 80G(5) Fund Approval: ITAT Restores Matter to CIT(E) Allowing Clause Correction Within Extended Filing Period [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) restored the matter to the file of Commissioner of Income Tax (Exemption)[CIT(E)] in the case of rejection of 80G(5)fund approval under ...
![Rejection of 80G(5) Fund Approval: ITAT Restores Matter to CIT(E) Allowing Clause Correction Within Extended Filing Period [Read Order]](https://images.taxscan.in/h-upload/2025/10/15/500x300_2096817-itat-mumbai-itat-fund-approval-taxscan.webp "Rejection of 80G(5) Fund Approval: ITAT Restores Matter to CIT(E) Allowing Clause Correction Within Extended Filing Period [Read Order]")
Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal remitted a matter of disallowance of incremental rent paid under Section 40(2)(b) to the related party for documentary verification. The...
![Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096664-incremental-paid-disallowed-excess-us-40a2b-itat-documentary-verification-taxscan.webp "Rs. 20k Incremental Rent Paid to Related Party Disallowed as Excess u/s 40A(2)(b): ITAT Remits for Documentary Verification [Read Order]")
Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) deleted a 3.31 crore addition on the ground that the difference between the stamp duty and the purchase consideration on the flat was within...
![Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096575-stamp-duty-value-itat-income-tax-addition-taxscan.webp "Difference Between Stamp Duty Value and Purchase Consideration on Flat Within 10% Tolerance Limit u/s 56(2)(x): ITAT Deletes Rs. 3.31 Cr Income Tax Addition [Read Order]")
![Bogus Loan Entry: ITAT upholds Reopening under Revised Section 147 [Read Order]](https://images.taxscan.in/h-upload/2025/10/14/500x300_2096579-bogus-loan.webp "Bogus Loan Entry: ITAT upholds Reopening under Revised Section 147 [Read Order]")
ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, upheld the order of the Commissioner of Income-tax (Appeals) [CIT(A)], which had allowed the deduction of Employee Stock Option Plan (ESOP)...
![ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096146-esop-business-deduction-itat-goldman-sachs-case-goldman-sachs-taxscan.webp "ESOP Discount Allowable as Business Deduction: ITAT affirms Consistent View in Goldman Sachs Case [Read Order]")
Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the transfer of Sponge Iron Unit through a court-approved Scheme of Arrangement cannot be characterized as a slump sale under...
![Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/500x300_2096107-slump-sale-itat-rules-taxscan.webp "Transfer of Undertaking through Court-Approved Scheme Not Taxable as Slump Sale: ITAT Rules S. 50B Inapplicable as Transfer Not result of Sale [Read Order]")