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 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/2025/07/31/2071258-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]")
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...
![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/2025/07/31/2071302-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/2025/07/31/2071310-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]](https://images.taxscan.in/h-upload/2025/07/31/2071233-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]](https://images.taxscan.in/h-upload/2025/07/31/2071634-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/2025/07/30/2070957-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/2025/07/30/2070951-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]")
Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order restricting bogus purchase addition to 12.5% of gross profit and dismissed...
![Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/2070917-bogus-purchase-addition-taxscan.webp "Bogus Purchase Addition Restricted to 12.5% Gross Profit: ITAT Upholds CIT(A)’s Order, Citing Judicial Precedent [Read Order]")
Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the Rs. 30,01,023 addition under Section 69C of the Income Tax Act, 1961 and ruled that the assessee's...
![Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/2070914-unaccounted-cash-sales-cash-sales-cash-sales-reconciled-with-invoices-and-stock-taxscan.webp "Unaccounted Cash Sales Reconciled with Invoices and Stock: ITAT Upholds Deletion of ₹30 Lakh Addition u/s 69C [Read Order]")
Ex-Parte Appellate Order Without Reasonable Opportunity: ITAT Restores Rs. 2.55 Cr Matter for Fresh Adjudication [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for de novo adjudication and held that the ex-parte appellate...
![Ex-Parte Appellate Order Without Reasonable Opportunity: ITAT Restores Rs. 2.55 Cr Matter for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/2070880-parte-appellate-order-without-reasonable-opportunity-itat-restores-matter-adjudication-taxscan.webp "Ex-Parte Appellate Order Without Reasonable Opportunity: ITAT Restores Rs. 2.55 Cr Matter for Fresh Adjudication [Read Order]")
Disallowance in Unabated Assessment Without Incriminating Material: ITAT Upholds Deletion of ₹16.29 Lakh Penalty u/s 271(1)(c) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, 1961 and held that adhoc disallowance in an unabated...
![Disallowance in Unabated Assessment Without Incriminating Material: ITAT Upholds Deletion of ₹16.29 Lakh Penalty u/s 271(1)(c) [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/2070898-itat-penalty-deletes-taxscan.webp "Disallowance in Unabated Assessment Without Incriminating Material: ITAT Upholds Deletion of ₹16.29 Lakh Penalty u/s 271(1)(c) [Read Order]")
Income from Revocable Trust Taxable in Settlor’s Hands, Not Trust: ITAT Grants Relief Under India-UAE DTAA [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the Assessing Officer (AO) in the hands of the trust and ruled that the income from investments is taxable...
![Income from Revocable Trust Taxable in Settlor’s Hands, Not Trust: ITAT Grants Relief Under India-UAE DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/2071058-income-from-revocable-trust-revocable-trust-taxable-in-settlors-hands-taxscan.webp "Income from Revocable Trust Taxable in Settlor’s Hands, Not Trust: ITAT Grants Relief Under India-UAE DTAA [Read Order]")