ITAT Mumbai Judgments, Orders & News | Income Tax Appellate Tribunal

Begin typing your search above and press return to search.

Home
»
ITAT Mumbai

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

Failure to show Documentary Evidences on Source of Rs. 96L Cash Deposit: ITAT directs to submit relevant Financials, ITR and Bank Statements before AO [Read Order]

Saagarika Gopinath

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), directed the Assessing Officer ( AO ) to reassess cash deposits...

AO made S.68 addition based on the Third Party Statement, Discrediting Evidence: ITAT deletes...

Income from Sale of White Button Mushroom Cultivated Indoors is still “Agricultural Income”, not...

ITAT - India-Japan DTAA - Income Tax - Double Taxation Avoidance Agreement - Foreign Tax Credit - taxscan

Eligibility Conditions are met by withholding of Tax by Source Country: ITAT allows FTC Claim under...

Capital Gains arising out of Sale of Long-Term Capital Assets shall be Taxable at Rate of 20% u/s...

Determinate Beneficiaries to be Taxed as “Individual”, Not as “Association Of Persons” at Marginal Rate: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) "SMC" Bench in Mumbai, ruled that determinate beneficiaries should be taxed as “Individual” and not as “Association Of Persons” at a...

Purchase of One Residential House with Modifications of Two Adjacent Properties Amounts to a Single Residential House: ITAT Allows S.54F Exemption Claim [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) in Mumbai granted Section 54F exemption under the Income Tax Act 1961 ( ITA ) to an assessee/ appellant, Mr. Nakul Aggarwal,...

Capital Gains Arising Out of Sale of Long-Term Capital Assets Shall Be Taxable at Rate of 20% u/s 112 Of Income Tax Act: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that capital gains arising from the sale of long-term capital assets shall be taxable at a rate of 20% under Section 112 of the Income...

Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]

In a recent ruling, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) nullified the notice issued under Section 148 of the Income Tax Act, 1961, due to procedural lapses on the part of...

Extension of Deadline by CBDT: ITAT deletes Addition of Deemed Income to Trust for Belated Filing of Form 10B [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of deemed income to the trust, citing the CBDT's extension of the deadline, which allowed for...

AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal in favour of the assessee regarding the disallowance of deductions claimed under Section 57 of...

Decades-old Assessments: ITAT denies re-adjudication for evidence lapses [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), denied re-adjudication, stating that remanding decades-old assessment appeals to the Assessing Officer ( AO ) would...

Prev Page Next Page