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
![ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/500x300_2069358-fraudulent-capital-gain-capital-gain-itat-taxscan.webp "ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]")
ITAT Allows LTCG Exemption u/s 10(38) as Inherited Shares Were Held Long-Term, Deletes STCG Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Short Term Capital Gains (STCG) addition and allowed Long Term Capital...
![ITAT Weekly Round -Up [ July 13th - July 19th ]](https://images.taxscan.in/h-upload/2025/07/21/250x150_2066915-itat-weekly-round-up-weekly-round-up-round-up-itat-weekly-round-up-2025-taxscan.webp "ITAT Weekly Round -Up [ July 13th - July 19th ]")
![Demonetized Notes Received from Disclosed Debtors Cannot Be Treated as Unexplained Cash: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065896-itat-disclosed-debtors-unexplained-cash-taxscan.webp "Demonetized Notes Received from Disclosed Debtors Cannot Be Treated as Unexplained Cash: ITAT [Read Order]")
![Unexplained Source of Investment on 4Kg Gold: ITAT Directs to Consider R. 46 Evidence Citing Improper Rejection [Read Order]](https://images.taxscan.in/h-upload/2025/07/19/250x150_2065501-unexplaine-investment-gold-taxscan.webp "Unexplained Source of Investment on 4Kg Gold: ITAT Directs to Consider R. 46 Evidence Citing Improper Rejection [Read Order]")
![SCN Issued for Property Purchase to Wrong Assessment Year: ITAT Quashes PCIT Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2064906-property-purchase-wrong-assessment-itat-mumbai-taxscan.webp "SCN Issued for Property Purchase to Wrong Assessment Year: ITAT Quashes PCIT Order [Read Order]")
ITAT Allows Carry Forward of Loss, Deletes Late Fee as Partner Filed Return Within Extended Due Date u/s 92E [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) allowed the carry forward of long-term capital loss and deleted the late filing fee of Rs. 5,000, holding that the return was filed within...
![ITAT Allows Carry Forward of Loss, Deletes Late Fee as Partner Filed Return Within Extended Due Date u/s 92E [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064909-carry-forward-of-loss-.webp "ITAT Allows Carry Forward of Loss, Deletes Late Fee as Partner Filed Return Within Extended Due Date u/s 92E [Read Order]")
Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted additions under Sections 68 and 69C in a case involving penny stock transactions and held that the shares of Splash Media were ...
![Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2064911-site-img18-2.webp "Penny Stock Transactions Found Genuine: ITAT Deletes ₹1 Cr Addition Relying on SEBI Report and Sister Case Precedent [Read Order]")
ITAT Condones Significant Appeal Delay for Elderly Directors Citing Health Concerns Due to Pandemic [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to an assessee by condoning a substantial delay in their appeal noting the health circumstances of the company's...
![ITAT Condones Significant Appeal Delay for Elderly Directors Citing Health Concerns Due to Pandemic [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063772-itat-itat-condones-significant-appeal-delay-appeal-delay-appeal-delay-for-elderly-directors-taxscan.webp "ITAT Condones Significant Appeal Delay for Elderly Directors Citing Health Concerns Due to Pandemic [Read Order]")
![ITAT Remands Ex Parte Tax and Penalty Appeals citing delays and denied opportunity [Read Order]](https://images.taxscan.in/h-upload/2025/07/14/500x300_2063743-itat-itat-experte-order-taxscan.webp "ITAT Remands Ex Parte Tax and Penalty Appeals citing delays and denied opportunity [Read Order]")
Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the reassessment order and declared the reopening of the assessment for Assessment Year (AY) 2012-13 after 4 years with the...
![Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/500x300_2063019-income-tax-reassessment-1.webp "Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]")
Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed to verify the assessee’s claim as proprietor of...
![Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/500x300_2063202-registration-1.webp "Consider GST Registration and Import Export Certificate for Proprietor Claim: ITAT Remands FTC Matter for Verification [Read Order]")
![BroadBand and Bandwidth Charges Not a Royalty: ITAT Dismisses TDS claim of Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/500x300_2062975-tds-claim-taxscan.webp "BroadBand and Bandwidth Charges Not a Royalty: ITAT Dismisses TDS claim of Revenue [Read Order]")