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
Loan Treated as Deemed Dividend u/s 2(22)(e): ITAT Sets Aside CIT(A) Order
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside the order passed by the Commissioner of Income Tax (Appeals)[CIT(A)], where a...
![Disallowance of Exempt Allowances Due to Form 16 and Form 26AS Mismatch: ITAT Remits Matter to AO for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/06/06/250x150_2041495-disallowance1.webp "Disallowance of Exempt Allowances Due to Form 16 and Form 26AS Mismatch: ITAT Remits Matter to AO for Verification [Read Order]")
![Trust Registration Denied Over Object Clause Allowing Overseas Fund Use: ITAT Orders Reconsideration After Proposed Amendment [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/250x150_2041328-trust-registration-denied-object-allowing-overseas-fund-use-itat-reconsideration-proposed-amendment-taxscan.webp "Trust Registration Denied Over Object Clause Allowing Overseas Fund Use: ITAT Orders Reconsideration After Proposed Amendment [Read Order]")
![ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]](https://images.taxscan.in/h-upload/2025/06/05/250x150_2041337-aries-agro-ltd.webp "ITAT Confirms Legitimacy of Aries Agro’s Cash Deposits During Demonetisation Citing Clear and Verified Records [Read Order]")
ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to verify the allocation of research and development (R&D) expenses claimed by Piramal Enterprises...
![ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Piramal-Enterprises.jpg "ITAT Directs AO to Verify R&D Expense Allocation for Piramal Enterprises Amid Unproven Link to Baddi Unit’s Manufacturing [Read Order]")
AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the set-off of short-term capital losses ( STCL ) subject to Securities Transaction Tax ( STT ) against short-term capital gains...
![AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/short-term-capital-gain.jpg "AO computes Net STCG for Non-STT: ITAT Allows Set-Off Against Non-STT Gains for US Resident [Read Order]")
Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)Â granted relief to Jaguar Services Private Limited by setting aside the Section 263 revision under the Income Tax Act, 1961,for lack of fresh...
![Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Disallowance.jpg "Relief for Jaguar Services: ITAT Sets Aside S.263 Revision, Upholds AO’s 6% Disallowance on Alleged Bogus Purchases [Read Order]")
Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT )ruled in favor of Piramal Enterprises Ltd. by rejecting the interest allocation to its Baddi unit funded through a rights issue and deleting...
![Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Win-for-Piramal-Enterprises-Piramal-Enterprises-ITAT-taxscan.jpg "Win for Piramal Enterprises: ITAT Deletes 80IC Disallowance, Rejects Interest Allocation to Baddi Unit Funded by Rights Issue [Read Order]")
Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the assessment orders and ruled that the proceedings under Section 153A of the Income Tax Act, 1961, were invalid due to...
![Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Cash-Seized-2019-Elections-taxscan.jpg "Cash Seized During 2019 Elections: ITAT Quashes Assessments u/s 153A for Failure to Issue Certificate u/r 112F [Read Order]")
Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the addition of unexplained cash deposits amounting to ₹12.02 lakh in a bank account linked to a second Permanent Account Number...
![Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/cash-deposit-ITAT-Taxscan.jpg "Unexplained Cash Deposit of ₹12.02 Lakh in Second PAN Account: ITAT Upholds Addition for Lack of Corroborative Evidence [Read Order]")
Taxation of Gross Receipts Without Valid 12A Registration: ITAT Rules Only Net Surplus After Expenses Taxable [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT)Â held that only the net surplus after allowing expenses and depreciation is taxable where a trust does not have valid registration under...
![Taxation of Gross Receipts Without Valid 12A Registration: ITAT Rules Only Net Surplus After Expenses Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Taxation-of-Gross-Receipts-12A-Registration-ITAT-Rules-Surplus-Expenses-Taxable-Taxscan.webp "Taxation of Gross Receipts Without Valid 12A Registration: ITAT Rules Only Net Surplus After Expenses Taxable [Read Order]")