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
![Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Change-Section-Claiming-Exemption-Fresh-Claim-ITAT-LTCG-Exemption-trust-taxscan.jpg "Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]")
Change in Section for Claiming Exemption cannot be considered as Fresh Claim: ITAT allows LTCG Exemption u/s 10(38) to Trust [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), while granting LTCG ( Long Term Capital Gain) Income tax exemption to the assessee...
![ITAT deletes Adjustment on Section 80P Deduction as Taxpayer Filed ITR within Due Date u/s 139(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-ITR-filed-Income-Tax-Return-taxcan.jpeg "ITAT deletes Adjustment on Section 80P Deduction as Taxpayer Filed ITR within Due Date u/s 139(1) [Read Order]")
![Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Mumbai-ITAT-Income-Tax-Bank-of-Baroda-Revenue-appeal-against-Bank-of-Baroda-taxscan.jpg "Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]")
![Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Mumbai-Scrip-Share-Prices-TAT-deletes-Additions-Taxscan.jpg "Sharp Jump in Scrip Share Prices Justified for Shares in Demat Form: ITAT deletes Additions u/s 68 [Read Order]")
![“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Appellate-Authority-AO-ITAT-raps-litigation-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "“Dragging the assessee to litigation and creating another Demand”: ITAT raps AO and Appellate Authority for failing to examine facts on record [Read Order]")
Difference between Average Sale Rate and Actual Transaction Value shall be treated as “On-Money”: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the difference between the average sale rate and the actual transaction value should be treated as "on-money”. However, if the...
![Difference between Average Sale Rate and Actual Transaction Value shall be treated as “On-Money”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Average-Sale-Rate-Actual-Transaction-Value-On-Money-ITAT-taxscan.jpg "Difference between Average Sale Rate and Actual Transaction Value shall be treated as “On-Money”: ITAT [Read Order]")
![BOT projects are Intangible Assets: ITAT allows 25% Depreciation on Road Construction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/BOT-projects-Intangible-Assets-ITAT-Depreciation-Road-Construction-taxscan.jpg "BOT projects are Intangible Assets: ITAT allows 25% Depreciation on Road Construction [Read Order]")
![Scrip cant be Penny Stock: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Scrip-Penny-Stock-ITAT-Income-Tax-Act-taxscan.jpg "Scrip cant be Penny Stock: ITAT deletes Addition u/s 68 of Income Tax Act [Read Order]")
Income Tax Reassessment after Expiry of 4 years due to Non-Filing of GST by Supplier is Invalid: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no reopening can be done after the expiry of four years from the end of the relevant assessment year unless any income...
![Income Tax Reassessment after Expiry of 4 years due to Non-Filing of GST by Supplier is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Reassessment-Expiry-of-4-years-due-Non-Filing-GST-Supplier-Invalid-ITAT-taxscan.jpg "Income Tax Reassessment after Expiry of 4 years due to Non-Filing of GST by Supplier is Invalid: ITAT [Read Order]")
Income Tax Reassessment after Expiry of 4 years due to Non-Filing of GST by Supplier is Invalid: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no reopening can be done after the expiry of four years from the end of the relevant assessment year unless any income...
![Income Tax Reassessment after Expiry of 4 years due to Non-Filing of GST by Supplier is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Mumbai-GST-Income-Tax-Income-Tax-Reassessment-Goods-and-services-tax-taxscan.jpg "Income Tax Reassessment after Expiry of 4 years due to Non-Filing of GST by Supplier is Invalid: ITAT [Read Order]")
Allegation of Bogus Donation: ITAT Allows Income Tax Deduction u/s 35 (1)(ii) in Absence of Material Evidence [Read Order]
In a recent case related to the allegation of bogus donation, the Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed Income Tax deduction under section 35 (1) (ii) of the Income Tax Act,...
![Allegation of Bogus Donation: ITAT Allows Income Tax Deduction u/s 35 (1)(ii) in Absence of Material Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Appellate-Tribunal-ITAT-Mumbai-Income-Tax-Deduction-section-35-1-ii-of-the-Income-Tax-taxscan.webp "Allegation of Bogus Donation: ITAT Allows Income Tax Deduction u/s 35 (1)(ii) in Absence of Material Evidence [Read Order]")