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
![Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]](https://images.taxscan.in/h-upload/2025/08/10/500x300_2075243-surcharge-on-private-discretionary-private-discretionary-taxscan.webp "Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]")
Surcharge on Private Discretionary Trust Income: ITAT Applies 15% Rate as Income Does Not Exceed ₹2 Crores [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) applied a 15% surcharge on the income of a private discretionary trust, as the total...
![ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]](https://images.taxscan.in/h-upload/2025/08/04/250x150_2072982-itat-itat-directs-ao-to-delete-surcharge-and-cess-taxscan.webp "ITAT Directs AO to Delete Surcharge and Cess Wrongly Levied on Income Below ₹50 Lakh [Read Order]")
![Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/250x150_2071816-bogus-ltcg-addition-itat-validates-demerger-allotted-transaction-documentary-evidence.webp "Bogus LTCG Addition u/s 68 Not Sustainable: ITAT Validates Demerger-Allotted Shares Transaction Citing Genuineness of Documentary Evidence [Read Order]")
![MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/250x150_2071545-itat-mumbai-mat-credit-mat-credit-revised-taxscan.webp "MAT Credit Revised from ₹29.17 Cr to ₹29.94 Cr Post-Appellate Recalculation: ITAT Upholds Higher Claim [Read Order]")
![Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/03/250x150_2072693-unexplained-stock-sales-suppression-additions-itat-cctv-footage-lack-of-corroborative-evidence-taxscan.webp "Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]")
ITAT Mumbai Quashes PCIT's Order Against NTT Global Networks; Allows ₹92.32 Lakh Deduction for CSR Donations Under Section 80G [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) in its recent ruling allowed the appeal of NTT Global Networks Pvt. Ltd., quashing the revisionary order of the Principal Commissioner of...
![ITAT Mumbai Quashes PCITs Order Against NTT Global Networks; Allows ₹92.32 Lakh Deduction for CSR Donations Under Section 80G [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071258-itat-mumbai-quashes-pcits-order-ntt-global-networks-allows-9232-lakh-deduction-csr-donations-section-80g-taxscan.webp "ITAT Mumbai Quashes PCITs Order Against NTT Global Networks; Allows ₹92.32 Lakh Deduction for CSR Donations Under Section 80G [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/2025/07/31/500x300_2071302-reassessment-set-of-facts-available-original-assessment-legally-bad-itat-taxscan.webp "Reassessment After 4 Years With Same Set of Facts Which Already Available During Original Assessment Legally Bad: ITAT [Read Order]")
![BroadBand and Bandwidth Charges Not a Royalty: ITAT Dismisses TDS claim of Revenue [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071310-budget-2024-union-budget-2024-budget-updates-budget-news-industry-demands-in-budget-industry-suggestions-for-tds-troublesome-tds-claim-tds-credit-taxscan.webp "BroadBand and Bandwidth Charges Not a Royalty: ITAT Dismisses TDS claim of Revenue [Read Order]")
Indexation from Date of Agreement, Not Possession: ITAT Grants Relief to NRI Assessee in Long-Term Capital Gains Dispute [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of non-resident Indian (NRI) Braj Kishore Singh, directing the Assessing Officer (AO) to consider the date of ...
![Indexation from Date of Agreement, Not Possession: ITAT Grants Relief to NRI Assessee in Long-Term Capital Gains Dispute [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071233-indexation-date-of-agreement-possession-itat-relief-to-nri-long-term-capital-gains-dispute-taxscan.webp "Indexation from Date of Agreement, Not Possession: ITAT Grants Relief to NRI Assessee in Long-Term Capital Gains Dispute [Read Order]")
Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the addition of Rs. 6,93,00,000 under Section 68 of the Income Tax Act, 1961, and ruled that the loan transaction...
![Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071634-unexplained-credit-unexplained-credit-addition-section-68-of-the-income-tax-act-taxscan.webp "Unexplained Credit Addition u/s 68: ITAT Upholds CIT(A)’s Order, Citing Retraction of Statements and Documentary Evidence [Read Order]")
Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the disallowance of foreign exchange loss amounting to Rs. 1,12,449 and ruled that such loss arising from revenue transactions...
![Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070957-foreign-exchange-loss-revenue-expenditure-itat-deletes-disallowance-citing-non-capitalization-taxscan.webp "Foreign Exchange Loss Allowed as Revenue Expenditure: ITAT Deletes Disallowance Citing Non-Capitalization [Read Order]")
Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that disallowance should be restricted to investments that actually yielded exempt income, rejecting the Revenue’s contention for ...
![Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070951-itat-mumbai-section-14a-disallowance-income-investments-taxscan.webp "Section 14A Disallowance Restricted to Exempt Income Investments: ITAT Upholds CIT(A)’s Order, Rejects Retrospective Amendment Application [Read Order]")