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

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Explore the latest ITAT Mumbai judgments, orders, and appellate decisions on direct tax matters from the Mumbai bench of the Income Tax Appellate Tribunal

Depreciation Claim of 30.23 Cr on Intangible Assets Disallowed: ITAT upholds Revision of Assessment u/s 263 [Read Order]

Eeva Mary Sanil

In а recent ruling, thе Mumbai benсh оf thе Income Tах Appellate Tribunal ( ITAT ) hеld thаt thе authorities must adequately investigated а...

Verification Failures in Disputed Purchases and Labour Expenses: ITAT upholds 12.5% Addition on...

ITAT sets aside additions on Penny Stock gains, directs deletion of Related Expenses due to Lack of...

Transactions in Agricultural Lands classified as Business Income as per Company Objectives: ITAT...

Rs. 27.04 Cr. Share Application Money Addition u/s 68: ITAT Directs Re-Examination of Financial...

Таx onсe Accоunted u/s 245D(4) cаnnоt be Reаssessed u/s 69С: IТАТ deletes Additiоn Prеvеnting Dоuble Tахаtiоn [Read Order]

Тhe Mumbаi bеnсh оf thе Incоme Таx Appеllаtе Tribunаl ( IТAТ ) in thе саse оf Вeаchwood Propеrtiеs Рvt.Ltd hеld tахаtiоn оf аn incomе аlrеаdy tаxеd in earlier аssessment yeаrs or some othеr form...

Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the losses from one industrial unit need not offset the profits of another for section 80-IB deduction...

Long-Term Capital Gains cannot be deemed Bogus as AO fails to prove Price Rigging: ITAT [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that in the present case, long-term capital gains cannot be deemed bogus as the assessing officer ( AO ) fails...

ITAT invalidates Reassessment proceeding: No addition made by AO in respect of the issue for which reopening was made

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the reopening of the assessment was bad in law as the assessing officer ( AO ) made no addition in respect...

Assessee Proves Validity of Outstanding Trade Payables: ITAT deletes addition u/s 41( 1 ) [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 41( 1 ) of the Income Tax Act, 1961, as the assessee successfully proved the validity of its...

Setting-off STCL from Sale of Shares against LTCG is Tax Planning, not Evasion: ITAT backs Assessee [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently granted relief to an Assessee, ruling that setting-off of Short Term Capital Losses (STCL) against Long Term Capital Gains (LTCG)...

ITAT - Mumbai Bench of the Income Tax Appellate Tribunal - Short Term Capital Losses - genuine tax planning - STCL - STCL from Sale of Shares - National Faceless Appeal Centre - Avendus Capital Pvt. Ltd - Taxscan

₹3 Crores Gift from NRI Son to Mother Deemed Valid and Non-Taxable: ITAT Citing Donor's Sufficient Funds [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Rs. 3 crores gift received by the assessee from her NRI son was deemed valid and non-taxable under the Income Tax Act citing...

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