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 u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/500x300_2090163-tat-mumbai-income-tax-act-penalty-taxscanjpge.webp "Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]")
Penalty u/s 271(1)(c) of the Income Tax Act Requires Verification of Loss: ITAT Orders Re-Examination [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, has remanded a penalty dispute involving concealment of income and inaccurate particulars under ...
![Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090113-goldman-sachs-itat-occupancy-expenses-directs-ao-taxscan.webp "Relief for Goldman Sachs: ITAT Sets Aside Disallowance of Rs. 1.87 Crore Occupancy Expenses, Directs AO to Verify Claim Afresh [Read Order]")
![Disallowance of Rs. 2.3 Lakh Paid as Compensation to Workers During Strike Period: ITAT Allows Claim and Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090061-disallowance-compensation-to-workers-strike-period-itat-taxscan.webp "Disallowance of Rs. 2.3 Lakh Paid as Compensation to Workers During Strike Period: ITAT Allows Claim and Deletes Addition [Read Order]")
![Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090093-property-investment-itat-taxscan.webp "Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]")
![AO cannot Issue Notice to Reopen Income Tax Assessment after 3 Years Without Pr. CCIT Approval: ITAT Quashes Notice against Saif Ali Khan [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/250x150_2090087-itat-mumbai-saif-ali-khan-income-tax-assessment-taxscan.webp "AO cannot Issue Notice to Reopen Income Tax Assessment after 3 Years Without Pr. CCIT Approval: ITAT Quashes Notice against Saif Ali Khan [Read Order]")
Setting-Off Short-Term Capital Loss in Shares where Securities Transaction Tax Paid: ITAT deletes iShares MSCI India’s ₹270 Cr Income Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that short-term capitalloss incurred on transactions where Securities Transaction Tax (STT) was paid can be set off against short-term...
![Setting-Off Short-Term Capital Loss in Shares where Securities Transaction Tax Paid: ITAT deletes iShares MSCI India’s ₹270 Cr Income Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2088968-short-term-capital-loss-income-addition-msci-securities-transaction-tax-taxscan.webp "Setting-Off Short-Term Capital Loss in Shares where Securities Transaction Tax Paid: ITAT deletes iShares MSCI India’s ₹270 Cr Income Addition [Read Order]")
Once Income Tax Form 10EE Furnished, it applies Automatically to Subsequent Years: ITAT allows Section 89A Benefit [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, has held that once a taxpayer exercises the option under Section 89A of the Income Tax Act, 1961 by furnishing Form 10EE, there is no...
![Once Income Tax Form 10EE Furnished, it applies Automatically to Subsequent Years: ITAT allows Section 89A Benefit [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/500x300_2088317-once-income-tax-form-10ee-furnished-applies-automatically-subsequent-years-itat-section-89a-benefit-taxscan.webp "Once Income Tax Form 10EE Furnished, it applies Automatically to Subsequent Years: ITAT allows Section 89A Benefit [Read Order]")
Relief for Nippon India: ITAT Rules S.14A read with rule 8D Disallowance Applies Only to Investments Yielding Exempt Income [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Nippon Life India Asset Management Limited by holding that disallowance under Section 14A read with Rule 8D of Income Tax...
![Relief for Nippon India: ITAT Rules S.14A read with rule 8D Disallowance Applies Only to Investments Yielding Exempt Income [Read Order]](https://images.taxscan.in/h-upload/2025/09/10/500x300_2085204-nippon-india-taxscan.webp "Relief for Nippon India: ITAT Rules S.14A read with rule 8D Disallowance Applies Only to Investments Yielding Exempt Income [Read Order]")
TDS on Loan Acquisition Payments : ITAT Rules Payments to Piramal Enterprises Not Treated as Interest [Read order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that payments made to Piramal Enterprises Limited for acquiring loans, including NCDs, ICDs, and term loans, were part of the...
![TDS on Loan Acquisition Payments : ITAT Rules Payments to Piramal Enterprises Not Treated as Interest [Read order]](https://images.taxscan.in/h-upload/2025/09/04/500x300_2083944-itat-itat-mumbai-income-tax-piramal-enterprises-modvat-credit-recomputation-modvat-taxscan.webp "TDS on Loan Acquisition Payments : ITAT Rules Payments to Piramal Enterprises Not Treated as Interest [Read order]")
Bank Passbook Evidence Validates Loan Transaction: ITAT deletes Addition u/s 68, Remands Interest Disallowance Issue [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai, ruled to delete an addition under Section 68 of the Income Tax Act, 1961, concerning unsecured loans. While granting this relief, the Tribunal...
![Bank Passbook Evidence Validates Loan Transaction: ITAT deletes Addition u/s 68, Remands Interest Disallowance Issue [Read Order]](https://images.taxscan.in/h-upload/2025/09/01/500x300_2082914-loan-itat-income-tax-taxscan.webp "Bank Passbook Evidence Validates Loan Transaction: ITAT deletes Addition u/s 68, Remands Interest Disallowance Issue [Read Order]")
Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that manufacturing, supply, and maintenance contracts acquired through slump sale arrangements qualify as intangible assets...
![Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]](https://images.taxscan.in/h-upload/2025/08/30/500x300_2082141-thermo-fisher.webp "Relief to Thermo Fisher: ITAT allows Depreciation Claim on Supply & Maintenance Contracts Acquired via Slump Sale [Read Order]")