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
![Win for WOW Entertainment: ITAT Deletes ₹1.44 Cr S.68 Addition Over Denial of Cross-Examination and Proven Loan Genuineness [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-WOW-Entertainment-income-tax-case-TAXSCAN.jpg "Win for WOW Entertainment: ITAT Deletes ₹1.44 Cr S.68 Addition Over Denial of Cross-Examination and Proven Loan Genuineness [Read Order]")
Win for WOW Entertainment: ITAT Deletes ₹1.44 Cr S.68 Addition Over Denial of Cross-Examination and Proven Loan Genuineness [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled in favor of WOW Entertainment and Media Private Limited, deleting a ₹1.44 crore...
![Exempt LTCG under India-Mauritius DTAA cannot be Adjusted against Taxable Losses: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/India-Mauritius-DTAA.jpg "Exempt LTCG under India-Mauritius DTAA cannot be Adjusted against Taxable Losses: ITAT [Read Order]")
![No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Income-Tax-New-Flat-Received-Exchange-Old-One-ITAT-taxscan.jpg "No Income Tax Payable on New Flat Received in Exchange for Old One: ITAT deletes Addition u/s 56(2)(x) [Read Order]")
![ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Rules-ITAT-Rules-in-Favor-of-NSE-NSE-taxscan.jpg "ITAT Rules in Favor of NSE: Rs 170 Crore SGF Contribution Allowable as Business Expense [Read Order]")
GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) bench of Mumbai has ruled that the GST (Goods and Services Tax) collected by the foreign company is excluded from Gross Receipts for calculating income...
![GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Gross-Receipts.webp "GST Collected by Foreign Company not to be Included in Gross Receipts for Computation of Income u/s 44BB: ITAT [Read Order]")
Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that advances which are in the nature of commercial transactions would not fall under the purview of the “advance” in Section...
![Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-Shareholder-advantage-and-dividend-TAXSCAN.jpeg "Advances given in Return for an Advantage by the Shareholder is not Dividend u/s 2(22)(e): ITAT [Read Order]")
‘Shift to UAE for 183 Days’: Kotak MD Warns of Tax Loophole Following ITAT Ruling on NRI Mutual Fund Capital Gains
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gains from mutual fund investments made by an NRI are not taxable in India, owing to the...
ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently upheld the invocation of revisional jurisdiction under Section 263 of the Income Tax Act, 1961 by the Principal Commissioner of...
![ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-ITAT-Mumbai-revisional-jurisdiction-under-section-263-TAXSCAN.jpg "ITAT upholds invocation of revisional jurisdiction u/s 263 by PCIT: Twin Conditions of “Error” and “Prejudice to the Interest of Revenue” Satisfied [Read Order]")
Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]
In a landmark ruling, the Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has held that in view of Article 13 of DTAA between India and Singapore, the Capital Gains arising on mutual fund...
![Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Capital-Gains-Mutual-Fund-Investments-Capital-Gains-arising-on-Mutual-Fund-Investments-Non-Residents-not-Taxable-in-India-taxscan.jpg "Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]")
ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which allowed depreciation as an alternative claim on finance lease...
![ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Depreciation-ITAT-Lease-Rent-TAXSCAN.jpg "ITAT Allows Rs. 6.47 Crore Lease Rent Expense as Deduction Citing Lessee’s Right to Claim Depreciation [Read Order]")
CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the matter to the file of the Assessing Officer (AO) for verification, in a case where a capital loss amounting to Rs. 16.89...
![CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ITAT-Mumbai-Capital-Loss-Long-Term-Capital-Loss-taxscan.jpg "CIT(A) Wrongly notes Long-Term Capital Loss as Rs.16.89 Lakhs Instead of Rs.16.89 Crores: ITAT Orders Verification [Read Order]")