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
![Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Foreign-Dividend-Income-Chargeable-to-Tax-ITAT-Tata-Industries-TAXSCAN.jpg "Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]")
Foreign Dividend Income Which is Chargeable to Tax is outside the provision of 14 A: ITAT rules in favour of Tata Industries [Read Order]
In a significant case of Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that foreign dividend income which is...
![Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Tata-Industries-ITAT-Business-Losses-Foreign-Dividend-Income-TAXSCAN.jpg "Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]")
![Sale of Domain Name to Resellers Not Royalty: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Sale-of-Domain-Name-Resellers-Royalty-ITAT-ITAT-deletes-Addition-Income-Tax-Tax-Taxscan.jpg "Sale of Domain Name to Resellers Not Royalty: ITAT deletes Income Tax Addition [Read Order]")
![Income Tax Exemption u/s 10(23C) available to Payments Received for Consultancy Services provided by University: ITAT remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Exemption-Income-Tax-Payments-Consultancy-Services-University-ITAT-taxscan.jpg "Income Tax Exemption u/s 10(23C) available to Payments Received for Consultancy Services provided by University: ITAT remands matter to AO [Read Order]")
![Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Entries-in-Books-of-Account-Books-of-Account-Income-ITAT-Lease-Rental-taxscan.jpg "Entries in Books of Account not conclusive in determining Income: ITAT holds Lease Rental paid is Revenue in Nature [Read Order]")
Relief to Vodafone India: ITAT allows Sec 80 Deduction on Interest Income and Miscellaneous Income [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal allowed deduction under Section 80 of the Income Tax Act, 1961 on interest income and miscellaneous income, thereby granting relief to M/s....
![Relief to Vodafone India: ITAT allows Sec 80 Deduction on Interest Income and Miscellaneous Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Vodafone-India-ITAT-Interest-Income-Miscellaneous-Income-TAXSCAN.jpg "Relief to Vodafone India: ITAT allows Sec 80 Deduction on Interest Income and Miscellaneous Income [Read Order]")
Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that payment received as Non compete fees are taxable under the head of income from the business & Profession section. ...
![Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payment-Payment-received-Non-Compete-Fees-taxable-Income-Business-Profession-ITAT-Taxscan.jpg "Payment received as Non-Compete Fees are taxable under Head of Income from Business & Profession section: ITAT [Read Order]")
No Application of S.14A Income Tax Act, If No Exempt Income received or receivable during relevant previous year: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal( ITAT ) held that there is no application of Section 14A Income Tax Act, if no exempt income received or receivable during relevant previous...
![No Application of S.14A Income Tax Act, If No Exempt Income received or receivable during relevant previous year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Act-Income-Tax-Tax-Income-received-ITAT-Exempt-Income-taxscan.jpg "No Application of S.14A Income Tax Act, If No Exempt Income received or receivable during relevant previous year: ITAT [Read Order]")
Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove the audit books under any law and clause (a)(ii) of section 139(1) of the Income Tax Act,1961...
![Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Audit-book-Law-Income-Tax-Act-ITAT-taxscan.jpg "Assessee failed to Prove Audit Books under any Law, clause (a)(ii) of Section 139(1) of Income Tax Act not applicable: ITAT [Read Order]")
Principal Portion of Loan amount Waived by Lender Credited to P & L a/c is not liable to Tax: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the Principal Portion of the loan amount waived by lender credited to Profit & Loss account is not liable to tax. ...
![Principal Portion of Loan amount Waived by Lender Credited to P & L a/c is not liable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Principal-Portion-of-Loan-amount-Loan-amount-Profit-and-Loss-account-Lender-P-and-L-Tax-ITAT-taxscan.jpg "Principal Portion of Loan amount Waived by Lender Credited to P & L a/c is not liable to Tax: ITAT [Read Order]")
Assessee failed to prove Property as Stock in Trade with Corroborative Evidence: ITAT upholds Applicability of 56(2)(vii)(b)
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the assessee failed to prove property as stock in trade with Corroborative Evidence and upheld the applicability of...
CIT(E) has No Jurisdiction to impose Unstipulated conditions while granting Registration u/s 80G: ITAT rules in favour of Tata Education [Read Order]
In a significant case of Tata Education and Development Trust, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that CIT(E) has no Jurisdiction to impose unstipulated conditions...
![CIT(E) has No Jurisdiction to impose Unstipulated conditions while granting Registration u/s 80G: ITAT rules in favour of Tata Education [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CITE-Registration-ITAT-rules-Tata-Education-TAXSCAN.jpg "CIT(E) has No Jurisdiction to impose Unstipulated conditions while granting Registration u/s 80G: ITAT rules in favour of Tata Education [Read Order]")