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
![LIBOR cannot always be rate at which Intra-Bank Transactions take place: ITAT deletes ALP Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LIBOR-rate-at-which-Intra-Bank-Transactions-take-place-ITAT-deletes-ALP-Adjustment-TAXSCAN.jpg "LIBOR cannot always be rate at which Intra-Bank Transactions take place: ITAT deletes ALP Adjustment [Read Order]")
LIBOR cannot always be rate at which Intra-Bank Transactions take place: ITAT deletes ALP Adjustment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted Arm Length Price (ALP) adjustment as London Inter-Bank Offered Rate (LIBOR) cannot...
![Relief to Ambuja Cement: ITAT directs AO to exclude Sales Tax Incentive Subsidy for Computing Book Profit [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Ambuja-Cement-ITAT-AO-Sales-Tax-Incentive-Subsidy-Book-Profit-TAXSCAN.jpg "Relief to Ambuja Cement: ITAT directs AO to exclude Sales Tax Incentive Subsidy for Computing Book Profit [Read Order]")
![Interest on Income Tax Refund not connected with PE, Taxable under India Malaysia DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Interest-on-Income-Tax-Refund-PE-India-Malaysia-DTAA-ITAT-taxscan.jpg "Interest on Income Tax Refund not connected with PE, Taxable under India Malaysia DTAA: ITAT [Read Order]")
![Executive Search Fee is not Fee for Technical Services under India Netherlands Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Executive-Search-Fee-Fee-for-Technical-Services-India-Netherlands-Tax-Treaty-ITAT-TAXSCAN.jpg "Executive Search Fee is not Fee for Technical Services under India Netherlands Tax Treaty: ITAT [Read Order]")
![Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Mahindra-and-Mahindra-ITAT-directs-AO-to-delete-disallowance-Income-Tax-Act-TAXSCAN-1.jpg "Relief to Mahindra and Mahindra: ITAT directs AO to delete Disallowance made u/s 40(a)(ia) of Income Tax Act [Read Order]")
IHC is part of Income from Operation of Ships in International Traffic under India- France DTAA, not Taxable: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), held that Inland Haulage Charges (IHC) is part of income from operation of ships in International Traffic under India- France Double...
![IHC is part of Income from Operation of Ships in International Traffic under India- France DTAA, not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/IHC-Income-Income-from-Operation-Ships-International-Traffic-India-France-DTAA-DTAA-taxable-ITAT-Taxscan.jpg "IHC is part of Income from Operation of Ships in International Traffic under India- France DTAA, not Taxable: ITAT [Read Order]")
![No Suggestion by Tax Auditor to disallow EPF u/s 143(1): ITAT directs to delete Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-suggestion-by-Tax-Auditor-to-disallow-EPF-ITAT-directs-to-Delete-Additions-TAXSCAN.jpg "No Suggestion by Tax Auditor to disallow EPF u/s 143(1): ITAT directs to delete Additions [Read Order]")
Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income earned by a Co-operative society on investment held with Co-operative Bank can be allowed as a deduction u/s 80 2)(d)...
![Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Income-earned-by-Co-operative-Society-Co-operative-Society-Investment-Co-operative-Bank-Deduction-ITAT-taxscan.jpg "Income earned by Co-operative Society on Investment held with Co-operative Bank can be allowed as Deduction u/s 80P(2)(d): ITAT [Read Order]")
![Bitumen and its by products are ‘Mineral Oil’ u/s 80IB(a) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bitumen-and-its-by-products-are-Mineral-Oil-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Bitumen and its by products are ‘Mineral Oil’ u/s 80IB(a) of Income Tax Act: ITAT [Read Order]")
Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench quashed re assessment proceedings on the ground by stating that Reasons for reopening assessment should be examined on standalone basis. The...
![Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Income-Tax-reopening-assessment-standalone-reassessment-assessment-taxscan.jpg "Reasons for Reopening Assessment should be Examined on Standalone Basis: ITAT quashes Reassessment [Read Order]")
![Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Insurance-Premium-Keyman-Insurance-Policy-LIC-Keyman-Insurance-Policy-of-LIC-Expenses-ITAT-Income-Tax-taxscan.jpg "Insurance Premium for paid for Keyman Insurance Policy of LIC, allowable as Expenses: ITAT [Read Order]")
![Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Relief-to-Ambuja-Cement-ITAT-deletes-ALP-adjustment-TAXSCAN.jpg "Relief to Ambuja Cement: ITAT deletes ALP adjustment of 18 lakhs [Read Order]")