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
![Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Concluded-Assessment-Reassessment-Absence-of-Incriminating-Material-Incriminating-Material-Incriminating-Material-during-Search-Income-Tax-ITAT-taxscan.jpg "Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]")
Concluded Assessment/ Reassessment cannot be disturbed in Absence of Incriminating Material during Search: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that concluded assessment/ reassessment cannot be disturbed in absence of...
![No Proper Examination of facts by Lower Authorities: ITAT orders Fresh Adjudication to determine TDS on MRI charges paid back to Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Lower-Authorities-Proper-Examination-ITAT-Fresh-Adjudication-TDS-MRI-charges-MRI-Taxscan.jpg "No Proper Examination of facts by Lower Authorities: ITAT orders Fresh Adjudication to determine TDS on MRI charges paid back to Company [Read Order]")
![Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Claim-of-Expenditure-Bills-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Excess Claim of Expenditure not be proved by relevant Bills: ITAT confirms Income Tax Addition. [Read Order]")
![ICAI Guidelines for Calculating Turnover in Transactions related to Future and Options Reliable in the Absence of Statutory Provision: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ICAI-Guidelines-Transactions-Statutory-Provision-ITAT-TAXSCAN.jpg "ICAI Guidelines for Calculating Turnover in Transactions related to Future and Options Reliable in the Absence of Statutory Provision: ITAT [Read Order]")
![Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-paid-Interest-Income-Tax-Act-Income-Tax-Tax-Funds-borrowed-Funds-Construction-Project-Construction-ITAT-taxscan.jpg "Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]")
CIT(A) can't disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that CIT(A) can't disallow deduction claimed u/s 80P(2)(d) of the Income Tax Act,1961 when assessee filed an independent...
![CIT(A) cant disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CITA-Deduction-claimed-Assessee-Independent-Auditors-Report-under-Maharashtra-Co-operative-Societies-Act-ITAT-TAXSCAN.jpg "CIT(A) cant disallow Deduction claimed u/s 80P(2)(d) When Assessee filed Independent Auditor’s Report under Maharashtra Co-operative Societies Act: ITAT [Read Order]")
Commodity Transactions carried out during Regular course of Business cannot be treated as 'Speculative Business': ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal has allowed the deduction holding that the commodity transactions carried out during the regular course of business could not be treated as...
![Commodity Transactions carried out during Regular course of Business cannot be treated as Speculative Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Commodity-Transactions-Business-Speculative-Business-ITAT-taxscan.jpg "Commodity Transactions carried out during Regular course of Business cannot be treated as Speculative Business: ITAT [Read Order]")
S. 201 Income Tax Act is not to punish or Prosecute Assessee for his lapses for TDS Responsibilities: ITAT grants relief to ICICI Securities [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), rued that Section 201 Income Tax Act, 1961 is not to punish or prosecute assessee for his lapses for TDS responsibilities, thereby...
![S. 201 Income Tax Act is not to punish or Prosecute Assessee for his lapses for TDS Responsibilities: ITAT grants relief to ICICI Securities [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Act-punish-or-Prosecute-TDS-Responsibilities-TDS-ITAT-Income-Tax-ICICI-Securities-taxscan.jpg "S. 201 Income Tax Act is not to punish or Prosecute Assessee for his lapses for TDS Responsibilities: ITAT grants relief to ICICI Securities [Read Order]")
Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench directed Assessing Officer (AO) to delete transfer pricing adjustment and held that Guarantee commission is not taxable in India as per India...
![Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Guarantee-Commission-Taxable-in-India-under-India-Germany-DTAA-ITAT-AO-TAXSCAN.jpg "Guarantee Commission is not Taxable in India under India Germany DTAA: ITAT directs AO to delete Transfer Pricing Adjustment [Read Order]")
Stamp Duty Value to be considered If Date of Agreement and Registration is different: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench held that as per the provisions of Section 56(2)(vii)(b) of the Income Tax Act, 1961 if the date of agreement fixing the consideration and...
![Stamp Duty Value to be considered If Date of Agreement and Registration is different: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Stamp-Duty-Value-Agreement-Registration-ITAT-Taxscan.jpg "Stamp Duty Value to be considered If Date of Agreement and Registration is different: ITAT [Read Order]")
![Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/SBI-ITAT-allows-Income-Tax-Deduction-on-Bad-and-Doubtful-Debts-TAXSCAN.jpg "Relief to SBI: ITAT allows Income Tax Deduction on Bad and Doubtful Debts [Read Order]")
![No Effort by AO to Send Draft Assessment Order to Correct Address: ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/AO-to-Send-Draft-Assessment-Order-to-Correct-Address-ITAT-quashes-Order-TAXSCAN.jpg "No Effort by AO to Send Draft Assessment Order to Correct Address: ITAT quashes Order [Read Order]")