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
![Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AOs Market Value Approach [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ruling-Average-value-Market-value-approach-Tax-relief-Income-tax-calculation-Tax-ruling-India-Rule-8D-ITAT-decision-ITAT-Mumbai-taxscan.jpg "Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AOs Market Value Approach [Read Order]")
Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation, Replacing AO's Market Value Approach [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted relief for Air India by directing the Assessing Officer (AO) to use the Average...
![Unexplained Investment of ₹1.65 Crore: ITAT Restores Matter Back to AO for Fresh Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Unexplained-Investment-ITAT-Restores-Matter-Back-AO-for-Fresh-Verification-TAXSCAN.jpg "Unexplained Investment of ₹1.65 Crore: ITAT Restores Matter Back to AO for Fresh Verification [Read Order]")
![Taxability of Lease Premiums and Rent Collected for State Government: ITAT Rules Funds Not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Taxability-of-Lease-Taxability-Taxability-of-Lease-Premiums-Rent-Collected-State-Government-ITAT-ITAT-Rules-ITAT-Rules-Funds-Not-Taxable-Taxable-taxscan.jpg "Taxability of Lease Premiums and Rent Collected for State Government: ITAT Rules Funds Not Taxable [Read Order]")
![Penalty Not Maintainable When Assessment Order No Longer Exists: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-Income-tax-News-Assessment-Order-No-Longer-Exists-Taxscan.jpg "Penalty Not Maintainable When Assessment Order No Longer Exists: ITAT [Read Order]")
![Verification of Cash Deposits as Trust Income: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Mumbai-Income-Tax-News-Verification-of-Cash-Deposits-Taxscan.jpg "Verification of Cash Deposits as Trust Income: ITAT Remands Matter to AO [Read Order]")
Rejection of Trust Registration Due to Non-Submission of Required Documents: ITAT Restores Matter to CIT(E) [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the Commissioner of Income Tax(Exemption)[CIT(E)] after rejecting the trust registration application under Section 12AB...
![Rejection of Trust Registration Due to Non-Submission of Required Documents: ITAT Restores Matter to CIT(E) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/itat-itat-mumbai-Trust-Registration-Taxscan.jpg "Rejection of Trust Registration Due to Non-Submission of Required Documents: ITAT Restores Matter to CIT(E) [Read Order]")
Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]
In a significant decision, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of co-operative societies, allowing them to claim tax deductions under Section 80P(2)(d) of the Income...
![Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Landmark-Ruling-ITAT-ITAT-Mumbai-ITAT-Mumbai-Upholds-Co-op-Societies-Clarifies-Co-op-Banks-Co-op-Banks-Tax-Benefits-taxscan.jpg "Landmark Ruling: ITAT Mumbai Upholds Deduction Claim of Co-op Societies, Clarifies Co-op Banks Are Eligible for Tax Benefits Under Section 80P(2)(d) [Read Order]")
![Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Remands-Case-to-AO-Lack-of-evidence-taxscan.jpg "Lack of evidence and improper enquiry: ITAT Remands Case to AO for Fresh Examination [Read Order]")
Interest-Free Loans to Related Parties: ITAT Dismisses Assessee's Appeal, Validates PCIT's Action [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench, dismissed an appeal and upheld the order passed by the Principal Commissioner of Income Tax ( PCIT ) under Section 263 of...
![Interest-Free Loans to Related Parties: ITAT Dismisses Assessees Appeal, Validates PCITs Action [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Interest-Free-Loans-Interest-Free-Loans-to-Related-Parties-Related-Parties-ITAT-ITAT-Mumbai-taxscan.jpg "Interest-Free Loans to Related Parties: ITAT Dismisses Assessees Appeal, Validates PCITs Action [Read Order]")
ITAT Restores 80G Approval Application: Assessee's Corrected Form 10AB to be Considered [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has restored the approval application under Section 80G of the Income Tax Act,1961 filed and directed the Commissioner...
![ITAT Restores 80G Approval Application: Assessees Corrected Form 10AB to be Considered [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Form-10AB-Approval-Application-taxscan.jpg "ITAT Restores 80G Approval Application: Assessees Corrected Form 10AB to be Considered [Read Order]")
![ITAT Sets Aside CPCs Adjustment, allows Pfizers Claim u/s 43B [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Pfizer-CPC-taxscan.jpg "ITAT Sets Aside CPCs Adjustment, allows Pfizers Claim u/s 43B [Read Order]")
ITAT quashes AO's Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]
In a significant ruling, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld that cooperative credit societies are eligible for deductions under Section 80P of the Income Tax Act....
![ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Credit-Society-upholds-deduction-taxscan.jpg "ITAT quashes AOs Order, upholds deduction under Section 80P for Cooperative Credit Society [Read Order]")