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
![Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/23/500x300_2079862-cita-disallow-a-claim-of-business-loss-in-the-presence-of-evidence-itat-taxscan.webp "Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]")
Brought Forward Business Loss Cannot Be Set Off Against Short-Term Capital Gains u/s 50 of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that brought forward business loss could not be set off against short-term capital...
![Taxability of Industrial promotional subsidy received by Mahindra & Mahindra Limited: ITAT directs de novo Adjudication. [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079234-itat-mahindra-case-taxscan.webp "Taxability of Industrial promotional subsidy received by Mahindra & Mahindra Limited: ITAT directs de novo Adjudication. [Read Order]")
![Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078946-disallowance-us-14a-it-act-for-computing-book-profit-us-115jb-act-itat-taxscan.webp "Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]")
![Relief to Axis Finance Ltd: ITAT Allows Club Membership Fees for Employees incurred as Business Expense [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079254-itat-club-membership-fees-axis-finance-tax-expense-case-taxscan.webp "Relief to Axis Finance Ltd: ITAT Allows Club Membership Fees for Employees incurred as Business Expense [Read Order]")
![Name of Assessee not Mentioned in Seized Documents: ITAT deletes Income Tax Additions [Read Order]](https://images.taxscan.in/h-upload/2025/08/22/250x150_2079210-seized-document-itat-income-tax-taxscan.webp "Name of Assessee not Mentioned in Seized Documents: ITAT deletes Income Tax Additions [Read Order]")
ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal by revenue regarding the disallowances of ₹55,00,000 on Public Relations expenses, Shared Service (Malaysia), and...
![ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/500x300_2078887-itat-shared-services-product-basf-taxscan.webp "ITAT Deletes Disallowances of Public Relations, Shared Services, and Product Registration of BASF India, Citing No Change in Facts or Law [Read Order]")
![ITAT Weekly Round Up [August 10th - August 16th]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077449-itat-weekly-round-up-taxscan.webp "ITAT Weekly Round Up [August 10th - August 16th]")
Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Commissioner of Income Tax (Appeals) ( CIT(A) ) restricting disallowance on alleged bogus purchases to 12.5%...
![Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/500x300_2077434-bogus-purchases-itat-penalty-taxscan.webp "Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]")
Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer (AO) to verify the taxpayer receipt and allow full credit where the Tax Deducted at Source (TDS) credit...
![Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076927-tds-form-26as-mismatch-itat-taxscan.webp "Denial of TDS Credit Due to Form 26AS Mismatch: ITAT Directs AO to Verify Taxpayer Receipt and Allow Full Credit [Read Order]")
₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) citing documentary and third-party evidence, upheld the Commissioner of Income Tax(Appeals)[CIT(A)]’s order deleting the ₹4.24 crore addition...
![₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076926-unexplained-cash-credit-itat-cita-taxscan.webp "₹4.24 Crore Received from Brother Treated as Unexplained Cash Credit: ITAT Upholds CIT(A) Deletion Citing Documentary and Third-Party Evidence [Read Order]")
AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice and Proceedings [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT ) quashed the notice under section 148 of the Income Tax Act,1961 and reassessment proceedings, as the Assessing Officer (AO) reopened the...
![AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice and Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076905-reopening-assessment-taxscan.webp "AO Obtains Invalid Sanction for Reopening Assessment Beyond Three Years u/s 148: ITAT Quashes Notice and Proceedings [Read Order]")
Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has condoned the delay in filing an appeal after finding that the impugned order had been sent by the department was to the assessee’s spam...
![Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076885-condonation-spam-email-itat-12ab-registration-application-cite-taxscan.webp "Condonation of Delay Over Spam Email: ITAT Remands 12AB Registration Application to CIT(E) [Read Order]")