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
![Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessing-Officer-Income-Tax-Deduction-Amortization-Premium-ITAT-Revisional-Order-taxscan.jpeg "Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]")
Assessing Officer allowed Income Tax Deduction in the form of Amortization of Premium with due verification: ITAT sets aside Revisional Order [Read Order]
Assessing Officer allowed the Income Tax deduction in the form of amortization of premium with due verification, and the Mumbai Bench of the Income...
![No Opportunity of Cross Examination given: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cross-Examination-ITAT-Assessment-Order-taxscan.jpg "No Opportunity of Cross Examination given: ITAT quashes Assessment Order [Read Order]")
![Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Notice-Assessment-Order-ITAT-taxscan.jpg "Notice u/s 143(2) served on Wrong Address invalidates Assessment Order: ITAT [Read Order]")
![Purchase on Credit included within the Meaning of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Credit-Unexplained-Cash-Credit-Income-Tax-Act-ITAT-taxscan.jpg "Purchase on Credit included within the Meaning of Unexplained Cash Credit u/s 68 of Income Tax Act: ITAT [Read Order]")
![Copyright License Fee / Royalty Distributed Amongst Members, not Taxable at the Hands of Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Copyright-License-Fee-Royalty-Members-Company-ITAT-taxscan.jpg "Copyright License Fee / Royalty Distributed Amongst Members, not Taxable at the Hands of Company: ITAT [Read Order]")
Depreciation allowable u/s 11(6) when Cost of Fixed Assets not claimed application of Income: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that depreciation is allowable u/s 11(6) when cost of fixed assets is not claimed application of income. M/s. Podar Literacy...
![Depreciation allowable u/s 11(6) when Cost of Fixed Assets not claimed application of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Depreciation-Cost-Fixed-Assets-Income-ITAT-taxscan.jpg "Depreciation allowable u/s 11(6) when Cost of Fixed Assets not claimed application of Income: ITAT [Read Order]")
Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]
Demise of tax auditor is reasonable cause in failure to upload tax audit report on the portal of Income Tax, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held as above. Abha...
![Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Tax-Auditor-Tax-Audit-Report-Income-Tax-ITAT-taxscan.jpeg "Demise of Tax Auditor is reasonable cause in failure to upload Tax Audit Report on the Portal of Income Tax: ITAT [Read Order]")
Relief to Vodafone Idea: No TDS Liability on Discount to Distributors of Prepaid Sim Cards and Recharge Vouchers, rules ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no Tax Deducted at Source (TDS) liability arises from discount on prepaid sim cards and recharge vouchers, granting...
![Relief to Vodafone Idea: No TDS Liability on Discount to Distributors of Prepaid Sim Cards and Recharge Vouchers, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Vodafone-Idea-TDS-Liability-Discount-Sim-Cards-Recharge-Vouchers-ITAT-Taxscan.jpg "Relief to Vodafone Idea: No TDS Liability on Discount to Distributors of Prepaid Sim Cards and Recharge Vouchers, rules ITAT [Read Order]")
Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]
The addition of capital gain under section 68 as unexplained cash credit without incriminating material is not permissible, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held as...
![Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Capital-Gain-Unexplained-Cash-Credit-ITAT-taxscan.jpeg "Addition of Capital Gain u/s 68 as Unexplained Cash Credit without incriminating material is not permissible: ITAT [Read Order]")
![Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Dividend-Income-Income-Tax-Liability-ITAT-taxscan.jpg "Dividend Income needs to treated as Exempt Income u/s.10(34), No Tax Liability: ITAT [Read Order]")
Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of B.R. Baskaran, Accountant Member and Pavan Kumar Gadale, Judicial Member set aside addition on bogus purchases on the absence of...
![Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-Bogus-Purchases-taxscan.jpg "Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]")