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
![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]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Income-Tax-Act-TAXSCAN.jpg "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]")
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...
![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:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-Capital-Gains-Sale-of-Long-Term-Capital-Assets-Taxable-at-Rate-Section-112-of-the-Income-Tax-taxscan.jpg "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:Â ITAT [Read Order]")
![Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Reassessment-Taxscan.jpg "Procedural Lapse in Initial Proceedings u/s 148 of Income Tax nullifies Resultant Notices and Orders Automatically: ITAT [Read Order]")
![Extension of Deadline by CBDT: ITAT deletes Addition of Deemed Income to Trust for Belated Filing of Form 10B [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Mumbai-Filing-Form-10B-TAXSCAN.jpg "Extension of Deadline by CBDT: ITAT deletes Addition of Deemed Income to Trust for Belated Filing of Form 10B [Read Order]")
![AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Section-57-of-Income-Tax-Act-Income-Tax-Income-Tax-Act-Interest-Income-Taxscan.jpg "AO disallows S. 57 deduction claim on interest income from Personal funds: ITAT Quashes disallowance [Read Order]")
![Decades-old Assessments: ITAT denies re-adjudication for evidence lapses [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Mumbai-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Decades-old Assessments: ITAT denies re-adjudication for evidence lapses [Read Order]")
ITAT deletes Notional Interest in Absence of Proof to Treat Share Application Money in Hands of Overseas AE as 'Loan' [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the notional interest in absence of proof to treat share application money in hands of overseas Associated Enterprises ( AE ) as...
![ITAT deletes Notional Interest in Absence of Proof to Treat Share Application Money in Hands of Overseas AE as Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Mumbai-TAXSCAN.jpg "ITAT deletes Notional Interest in Absence of Proof to Treat Share Application Money in Hands of Overseas AE as Loan [Read Order]")
ITAT Reverses AO's Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) reversed the Assessing Officer's ( AO ) additions and upheld the legitimacy of long-term capital gains reported by an individual assessee,...
![ITAT Reverses AOs Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT Reverses AOs Additions, upholds Legitimacy of Long-Term Capital Gains from Share Transactions [Read Order]")
![ITAT quashes Reopening of Assessment due to Procedural Flaws in issuance of Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-Reopening-of-Assessment-ITAT-quashes-assessment-reopening-Taxscan.jpg "ITAT quashes Reopening of Assessment due to Procedural Flaws in issuance of Notice [Read Order]")
ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVO's Seller Valuation [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted a ₹4.96 crore addition to the assessee's income, citing the need for a fresh valuation rather than relying on the District Valuation...
![ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVOs Seller Valuation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-ITAT-Deletes-Addition-District-Valuation-Officer-DVO-Valuation-Income-Tax-Taxscan.jpg "ITAT Deletes ₹4.96 Crore Addition Citing Need for Fresh Valuation Instead of DVOs Seller Valuation [Read Order]")
CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) remanded matter concerning income from long-term capital gain ( LTCG ) back to the Assessing officer for verification after the commissioner...
![CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Mumbai-Income-Tax-LTCG-Section-46A-Income-Tax-Rules-taxscan.jpg "CIT(A) accepts additional Evidence on LTCG without complying with Rule 46A: ITAT Remands to AO for Verification [Read Order]")