ITAT Mumbai Judgments, Orders & News | Income Tax Appellate Tribunal

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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

penalty - bogus purchases- ITAT - Taxscan

Income Tax: No Penalty leviable if Addition made on Bogus Purchases is on estimated basis, rules ITAT [Read Order]

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The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that penalty is not leviable if addition made on bogus purchases is on an estimated...

TDS on Indirect Transfer of Capital Assets deriving Value substantially from Assets situate in India...

ITAT deletes Addition as Registrar had charged Stamp Duty as per prevailing Market Value for...

PCIT not justified in invoking Revisionary Jurisdiction merely on basis of different opinion: ITAT...

Section 80P Deduction allowable to Co-Operative Credit Society as it is not a Co-Operative Bank:...

PCIT justified to assume Revisionary Power when AO drops Disallowances proposed in Draft Assessment: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the PCIT was justified to assume revisionary power when AO drops disallowances proposed in the draft assessment without...

On-Money not found Credited in Books of Account during Search proceedings can't be brought to Tax: ITAT

The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that On-money that is not found credited in the books of account during search proceedings but in loose sheets cannot be brought to tax. ...

No Income Tax leviable on Forex Gains arising against Personal Loan: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has recently held that income tax cannot be leviable on forex gains arising against on repayment of an interest-free loan by relatives. ...

ITAT quashes Reopening of Assessment as there was Absence of Valid Assumption of Jurisdiction by AO

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench quashed the reassessment as there was absence of valid assumption of jurisdiction by the AO. The assessee company, M/s Shradha Tradelinks...

Partial Relief to Tata Sons: ITAT allows Income Tax Deduction Claims [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while granting the partial relief to the Tata Sons allied the Deduction Claims. The assessee, M/s. Tata Sons Ltd. engaged in export of...

Invoice on AE to be raised to Recover Excess Payment, If Royalty exceeds its ALP as per Advance Pricing Agreement: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that if payment of royalty by the GIA India to the assessee was to exceed its arm’s length price, as determined in the APA, the applicant,...

TDS not applicable on Seconded Employees If the Same is Deducted by Holding Company: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench while remitting the matter back to AO ruled that the TDS not applicable on seconded employees if the same is deducted by holding Company. The...

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