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 upholds CIT(A)s deletion of Rs. 149.29 Crores Addition, Confirming Amalgamation Exemption u/s 47(vi) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Act-Section-47vi-of-Income-Tax-Act-ITAT-Upholds-CITA-Deletion-Taxscan.jpg "ITAT upholds CIT(A)s deletion of Rs. 149.29 Crores Addition, Confirming Amalgamation Exemption u/s 47(vi) of Income Tax Act [Read Order]")
ITAT upholds CIT(A)'s deletion of Rs. 149.29 Crores Addition, Confirming Amalgamation Exemption u/s 47(vi) of Income Tax Act [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision to delete an addition...
![ITAT rules Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Interest-Income-Cooperative-Banks-Eligible-Deduction-Income-Tax-Act-taxscan.jpg "ITAT rules Interest Income from Cooperative Banks Eligible for Deduction u/s 80P(2)(d) of Income Tax Act [Read Order]")
![ITAT invalidates Reopening under S.147 for Relying on Incorrect Facts, quashes Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Reopening-Incorrect-Facts-Reassessment-taxsacan.jpg "ITAT invalidates Reopening under S.147 for Relying on Incorrect Facts, quashes Reassessment [Read Order]")
![Unsold Flats held as Stock-in-Trade should be Treated as Business Stock, Not Income from House Property: ITAT on Palm Groves Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Stock-in-Trade-Income-from-House-Property-Unsold-flats-not-house-property-taxscan.jpeg "Unsold Flats held as Stock-in-Trade should be Treated as Business Stock, Not Income from House Property: ITAT on Palm Groves Matter [Read Order]")
![ITAT sets aside Ex-Parte Order of CIT(A) for Fresh Hearing, upholds Principles of Natural Justice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-CITA-Commissioner-of-Income-Tax-Appeals-Ex-Parte-Order-Fresh-Hearing-ITAT-news-ITAT-updates-taxscan.jpg "ITAT sets aside Ex-Parte Order of CIT(A) for Fresh Hearing, upholds Principles of Natural Justice [Read Order]")
ITAT Condones Delay Due to Rectification Efforts and CA's Death, Restores Case to CIT(A) [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal(ITAT)condoned the delay in filing an appeal by the assessee due to ongoing rectification efforts and the death of its Chartered Accountant(CA) and...
![ITAT Condones Delay Due to Rectification Efforts and CAs Death, Restores Case to CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Appellate-Tribunal-ITAT-mumbai-Condones-Delay-ITAT-Condones-Delay-CAs-Death-CITA-TAXSCAN.jpg "ITAT Condones Delay Due to Rectification Efforts and CAs Death, Restores Case to CIT(A) [Read Order]")
ITAT Restores Appeal to CIT(A) for Fresh Consideration, Citing COVID-19 Impact on Limitation Periods [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) restored the appeal of the assessee to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh consideration, emphasizing the impact of...
![ITAT Restores Appeal to CIT(A) for Fresh Consideration, Citing COVID-19 Impact on Limitation Periods [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-COVID-19-COVID-19-pandemic-COVID-19-Impact-ITAT-Restores-Appeal-Taxscan.jpg "ITAT Restores Appeal to CIT(A) for Fresh Consideration, Citing COVID-19 Impact on Limitation Periods [Read Order]")
![ITAT Dismisses Revenue Appeal as Infructuous Due to Tax Effect Below ₹60 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-ITAT-Dismisses-Revenue-Appeal-Revenue-appeal-dismissed-ITAT-dismisses-low-tax-appeal-Taxscan.jpg "ITAT Dismisses Revenue Appeal as Infructuous Due to Tax Effect Below ₹60 Lakhs [Read Order]")
Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that capital gain arising out of transfer of shares of an Indian entity cannot be taxed at hands of foreign entity in India...
![Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-mumbai-Income-Tax-Appellate-Tribunal-ITAT-Capital-Gain-Indian-entity-Foreign-Entity-out-of-Transfer-ITAT-NEWS-TAXSCAN.jpg "Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]")
Tax Residency Dispute: ITAT Upholds Taxation as Resident of India, Enforcing Global Income Tax Liability [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the taxation of global income by confirming the assessee's tax residency status as being in India. Ashok Kumar Pandey,the...
![Tax Residency Dispute: ITAT Upholds Taxation as Resident of India, Enforcing Global Income Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Liability-Tax-Liability-Taxscan.jpg "Tax Residency Dispute: ITAT Upholds Taxation as Resident of India, Enforcing Global Income Tax Liability [Read Order]")
![No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-BOT-Basis-Build-Operate-and-Transfer-Tangible-Assets-Toll-Roads-Toll-Roads-developed-BOT-ITAT-news-taxscan.jpg "No Depreciation allowed on Toll Roads developed on BOT basis as Tangible Assets: ITAT [Read Order]")
PCCIT’s or Director General's Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed reassessment proceedings because the approval was wrongly obtained from the Principal Commissioner of Income Tax ( PCIT ) instead of...
![PCCIT’s or Director Generals Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-tax-Income-Tax-Reassessment-Director-General-PCIT-PCCIT-Approval-Director-General-Approval-taxscan.jpg "PCCIT’s or Director Generals Approval required for Income Tax Reassessment Post 3 Year Time Limit: ITAT [Read Order]")