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
![Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Purchase-Grey-Market-ITAT-Disallowance-Taxscan.jpeg "Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]")
Purchase from Grey Market cannot fully Disallowed: ITAT restricts Disallowance to 12.5% [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has restricted the disallowance to 12.5% for the purchases made by the assessee from grey...
![Legal and Professional Expenses incurred to Defend Criminal Charges against Directors of Company allowable as Business Expenses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Legal-and-Professional-Expenses-Defend-Criminal-Charges-Directors-Company-allowable-Business-Expenses-ITAT-Taxscan.jpeg "Legal and Professional Expenses incurred to Defend Criminal Charges against Directors of Company allowable as Business Expenses: ITAT [Read Order]")
![Income Tax Law does not prohibit Assessing Officer to go beyond the Reasons based on which Re-Assessment Initiated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Income-Tax-Law-Assessing-Officer-Re-Assessment-ITAT-Assessement-Taxscan.jpeg "Income Tax Law does not prohibit Assessing Officer to go beyond the Reasons based on which Re-Assessment Initiated: ITAT [Read Order]")
![Data retrieved from Pen Drive can’t be sole Evidence for Re-Assessment without Certificate of Person-in-Possession as per Evidence Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Data-retrieved-Pen-Drive-sole-Evidence-Re-Assessment-Certificate-of-Person-in-Possession-Evidence-Act-ITAT-Taxscan.jpeg "Data retrieved from Pen Drive can’t be sole Evidence for Re-Assessment without Certificate of Person-in-Possession as per Evidence Act: ITAT [Read Order]")
![Provisions of ‘Deemed Dividend’ would not attract Loans and Advances out of Commercial Consideration and Business Expediency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Provisions-Deemed-Dividend-Loans-Advances-Commercial-Consideration-Business-Expediency-ITAT-Taxscan.jpg "Provisions of ‘Deemed Dividend’ would not attract Loans and Advances out of Commercial Consideration and Business Expediency: ITAT [Read Order]")
Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the remuneration paid to Partner out of the share of profit cannot be treated as ‘salary’ to consider the same as “expenditure”...
![Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Remuneration-Profit-Salary-Expenditure-ITAT-Taxscan.jpeg "Remuneration to Partner out of Profit is not ‘Salary’, cannot be treated as ‘Expenditure’ for the purpose of S. 40A(3): ITAT [Read Order]")
Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the Short Term Capital Loss on which STT was paid can be adjusted against the Short Term Capital Gain on which STT was not paid. ...
![Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Short-Term-Capital-Loss-Short-Term-Capital-Gain-STT-ITAT-Taxscan.jpg "Short Term Capital Loss on which STT was paid can be Adjusted against Short Term Capital Gain on which STT was not paid: ITAT [Read Order]")
Private Discretionary Trust is 'AOP', CBDT Circular treating the same as 'Individual' due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the private discretionary trust shall be treated as “AoP” and rejected the plea of the assessee based on the CBDT circular wherein...
![Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Private-Discretionary-Trust-AOP-CBDT-Circular-Individual-E-filing-Software-ITAT-Taxscan.jpeg "Private Discretionary Trust is AOP, CBDT Circular treating the same as Individual due to Difficulties in E-filing Software can’t be Relied: ITAT [Read Order]")
![Depreciation allowable on Marketing Information and Non-Compete Fee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Depreciation-allowable-Marketing-Information-and-Non-Compete-Fee-ITAT-Taxscan.jpg "Depreciation allowable on Marketing Information and Non-Compete Fee: ITAT [Read Order]")
Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the architect fee paid by the assessee in connection with the transfer of development rights are allowable as deduction...
![Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Architect-Fee-Transfer-of-Development-Rights-Deduction-ITAT-Taxscan.jpg "Architect Fee paid in connection with Transfer of Development Rights allowable as Deduction: ITAT [Read Order]")
Revisional Jurisdiction can be invoked for 'Lack of Inquiry', not for 'Inadequate Inquiry': ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961 can be invoked only for “lack of inquiry” and not for...
![Revisional Jurisdiction can be invoked for Lack of Inquiry, not for Inadequate Inquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Revisional-Jurisdiction-Lack-of-Inquiry-Inadequate-Inquiry-ITAT-Taxscan.jpg "Revisional Jurisdiction can be invoked for Lack of Inquiry, not for Inadequate Inquiry: ITAT [Read Order]")
