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
![Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/evidence-claim-TDS-Credit-ITAT-Taxscan.jpg "Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]")
Supporting Evidence mandatory for claim TDS Credit in absence of TDS Certificate: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of Rahul Chaudhary, Judicial Member, and Om Prakash Kant, Accountant Member held...
![MAT provisions u/s 115JB are applicable only to Domestic Companies and not to Foreign Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/MAT-provisions-Domestic-Companies-Foreign-Companies-ITAT-taxscan.jpg "MAT provisions u/s 115JB are applicable only to Domestic Companies and not to Foreign Companies: ITAT [Read Order]")
![Allegation of Bogus Purchase on borrowed satisfaction from VAT Dept. without Proper Cross-Verification: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Bogus-Purchase-VAT-Dept-Cross-Verification-ITAT-taxscan.jpg "Allegation of Bogus Purchase on borrowed satisfaction from VAT Dept. without Proper Cross-Verification: ITAT deletes Addition [Read Order]")
![Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A Insensitive and Violative of CBDT Charter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/TDS-Form-26AS-and-16A-CBDT-Charter-ITAT-taxscan.jpg "Denial of TDS Credit on ground of Mismatch in Form 26AS and 16A Insensitive and Violative of CBDT Charter: ITAT [Read Order]")
![Late Filing of required Documents would not disentitle Trust from availing benefit u/s 11: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/documents-Trust-ITAT-taxscan.jpg "Late Filing of required Documents would not disentitle Trust from availing benefit u/s 11: ITAT [Read Order]")
![Relief to Abbott Healthcare: ITAT allows Depreciation u/s 32 on paid Non-Compete Fees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Abbott-Healthcare-ITAT-depreciation-Non-compete-Fees-taxscan.jpeg "Relief to Abbott Healthcare: ITAT allows Depreciation u/s 32 on paid Non-Compete Fees [Read Order]")
![Permissible Possession given to Developer for Construction does not constitute Transfer: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/developer-construction-Transfer-ITAT-taxscan.jpeg "Permissible Possession given to Developer for Construction does not constitute Transfer: ITAT [Read Order]")
![Relief to L’Oreal: ITAT deletes TP Adjustments [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/LOreal-ITAT-TP-Adjustments-taxscan.jpg "Relief to L’Oreal: ITAT deletes TP Adjustments [Read Order]")
Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to L'Oreal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai has granted relief to L’Oreal India Private Limited and held that expenses cannot be disallowed solely due to non-receipt of invoices. The...
![Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to LOreal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Expenses-Invoices-ITAT-LOreal-taxscan.jpeg "Expenses cannot be disallowed solely due to Non-Receipt of Invoices: ITAT grants Relief to LOreal [Read Order]")
Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that speculative transaction through a broker without the purchase of share and deletes addition on purchase of shares and commission...
![Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Speculative-Transaction-Broker-ITAT-Purchase-of-Shares-Commission-Expenditure-Taxscan.jpeg "Speculative Transaction through Broker without Purchase of Share: ITAT deletes Addition on Purchase of Shares and Commission Expenditure [Read Order]")
Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench presided by Mr. Prashant Maharishi, AM, and Mr. Pavan Kumar Gadale, JM has held that shares are not intangible assets under section 32(1) (ii)...
![Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Shares-Intangible-Assets-Depreciation-Purchase-Price-of-Shares-ITAT-Taxscan.jpeg "Shares are not Intangible Assets U/S 32(1) (ii) and No Depreciation on Purchase Price of Shares: ITAT [Read Order]")
Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that consideration paid in excess than market value of net tangible assets is treated as goodwill. The assessee Gea Process...
![Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/market-value-tangible-assets-goodwill-ITAT-depreciation-Taxscan.jpg "Consideration paid excess than Market Value of Net Tangible Assets is treated as Goodwill: ITAT allows depreciation [Read Order]")