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
![Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Expenditure-Capital-Expenditure-ITAT-taxscan.jpg "Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]")
Interest Expenditure not to be Treated as Capital Expenditure: ITAT upholds Allowance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that interest expenditure is not to be...
![Genuineness of Purchase cannot be Suspected Merely Because Seller is Not Traceable: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Purchase-Seller-ITAT-taxscan.jpg "Genuineness of Purchase cannot be Suspected Merely Because Seller is Not Traceable: ITAT Deletes Income Tax Addition [Read Order]")
![Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Interest-Fixed-Deposits-Business-ITAT-taxscan.jpg "Interest on Fixed Deposits being Attributable and Incidental to the Trading Business, Exemption Claimable u/s. 10AA: ITAT [Read Order]")
![No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Transaction-accounts-Partnership-Firm-ITAT-taxscan.jpg "No Change in Ownership and Character of Transaction made in Individual Capacity by making entries in accounts of Partnership Firm: ITAT [Read Order]")
Factoring Charges are not in the Nature of Interest, TDS u/s 40(a)(ia) not Applicable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently in an appeal filed before it, held that factoring charges are not in the nature of interest and hence that TDS u/s 40 (a) (ia)...
![Factoring Charges are not in the Nature of Interest, TDS u/s 40(a)(ia) not Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Factoring-Charges-Interest-TDS-ITAT-taxscan.jpg "Factoring Charges are not in the Nature of Interest, TDS u/s 40(a)(ia) not Applicable: ITAT [Read Order]")
Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that split up of TDS Rule 37BA(3)(ii) is allowable when corresponding income is assessable to tax. Larsen & Toubro Public...
![Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/TDS-Rule-Corresponding-Income-Tax-ITAT-taxscan.jpg "Split up of TDS Rule 37BA(3)(ii) allowable when Corresponding Income is Assessable to Tax: ITAT [Read Order]")
Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while allowing an appeal by Bollywood actress Sonakshi Sihna, has held that the claim of foreign tax credit is allowable even if the form 67 is...
![Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Foreign-Tax-Credit-Income-Tax-Due-Date-ITAT-Actress-Sonakshi-Sinha-taxscan.jpg "Foreign Tax Credit Allowable If Form 67 filed Before Income Tax Due Date: ITAT grants Relief to Actress Sonakshi Sinha [Read Order]")
Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, allowable for Exemption u/s 10AA: ITAT [Read Order]
The Income Tax Appellate Tribunal(ITAT), Mumbai Bench, has recently in an appeal filed before it, held that imported goods re-exported by a unit duly approved by development commissioner of the...
![Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, allowable for Exemption u/s 10AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Imported-Goods-Re-Export-Development-Commissioner-SEZ-ITAT-taxscan.jpg "Imported Goods Re-Exported by a Unit Duly Approved by Development Commissioner of the Concerned SEZ, allowable for Exemption u/s 10AA: ITAT [Read Order]")
Late Fees u/s 234E cannot be levied for period prior to 1.6.2015 for quarterly TDS Returns: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that late fees under Section 234E of the Income Tax Act, 1961 cannot be levied for period prior to 1.6.2015 for quarterly TDS returns. ...
![Late Fees u/s 234E cannot be levied for period prior to 1.6.2015 for quarterly TDS Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Late-Fees-TDS-Returns-ITAT-taxscan.jpg "Late Fees u/s 234E cannot be levied for period prior to 1.6.2015 for quarterly TDS Returns: ITAT [Read Order]")
![Software Development Expenditure is Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Software-Development-Expenditure-Revenue-ITAT-taxscan.jpg "Software Development Expenditure is Revenue in Nature: ITAT [Read Order]")
Supportive Services with Certificate for Non-Deduction of TDS issued u/s 195(2), Entitled to Allowance: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that supportive services with certificate for non-deduction of TDS, issued u/s 195(2) of the...
![Supportive Services with Certificate for Non-Deduction of TDS issued u/s 195(2), Entitled to Allowance: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Supportive-Services-Certificate-Non-Deduction-TDS-Allowance-ITAT-taxscan.jpg "Supportive Services with Certificate for Non-Deduction of TDS issued u/s 195(2), Entitled to Allowance: ITAT [Read Order]")