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
![No Exclusion of comparable if Data available on Records can be reasonably Extrapolated: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/No-Exclusion-comparable-Data-Records-Extrapolated-ITAT-taxscan.jpg "No Exclusion of comparable if Data available on Records can be reasonably Extrapolated: ITAT [Read Order]")
No Exclusion of comparable if Data available on Records can be reasonably Extrapolated: ITAT [Read Order]
In a recent ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no exclusion of comparable if data available on...
![Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Income-Earned-from-letting-out-of-Auditorium-TAXSCAN.jpg "Income Earned from letting out of Auditorium is Eligible for Exemption u/s 11 of Income Tax Act, When Income is applied to Objects of Trust: ITAT [Read Order]")
![Failure to explain amount found credited in Books: ITAT upholds Invocation u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Explanation-failure-credited-amount-taxscan.jpg "Failure to explain amount found credited in Books: ITAT upholds Invocation u/s 68 of Income Tax Act [Read Order]")
Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) in Mumbai shed light on the nature of royalty payments concerning the usage of brand names or trade names under a trademark license...
![Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-India-Turkey-Tax-Treaty-Income-Tax-TAXSCAN.jpg "Permitting right to use Brand name/ Trade name under Trademark License Agreement is in nature of Royalty u/s 9(1)(vi) of India Turkey Tax Treaty: ITAT [Read Order]")
Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]
In a major ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed concessional rate of tax under Section 115BAA of the Income Tax Act, 1961, due to non-appearance resulting in...
![Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Failure-file-form-10IC-Non-appearance-ITAT-Concessional-rate-of-tax-Income-Tax-Act-taxscan.jpg "Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]")
Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]
In a recent decision the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the mere making of an incorrect claim does not tantamount to furnishing of inaccurate particular,...
![Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-ITAT-Income-Tax-Act-Income-Tax-ITAT-Ruling-on-Income-Tax-Penalty-Taxscan.jpg "Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]")
Incorrect adding of additional Depreciation to Computation of Book Profit: ITAT directs AO to delete addition u/s 115JB of Income Tax Act [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing Officer ( AO ) to delete the addition under Section 115JB of the Income Tax Act, 1961, citing incorrect inclusion...
![Incorrect adding of additional Depreciation to Computation of Book Profit: ITAT directs AO to delete addition u/s 115JB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-ITAT-Income-Tax-Act-Income-Tax-Section-115JB-of-Income-Tax-Act-ITAT-Additional-Depreciation-Ruling-Taxscan.jpg "Incorrect adding of additional Depreciation to Computation of Book Profit: ITAT directs AO to delete addition u/s 115JB of Income Tax Act [Read Order]")
ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]
The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Mumbai, allowed the claim of deduction under Section 80-IC of the Income Tax Act, 1961, based on the Income Tax Return ( ITR ) filed...
![ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-ITR-form-10CCB-TAXSCAN.jpg "ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]")
Decision of CIT (A) without Considering Merits of Case is Violative of Provisions of Section 250(6) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that decision of Commissioner of Income Tax ( Appeals ) [ CIT (A) ] without considering merits of case was violative of...
![Decision of CIT (A) without Considering Merits of Case is Violative of Provisions of Section 250(6) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Violative-provisions-Commissioner-of-Income-Tax-TAXSCAN.jpg "Decision of CIT (A) without Considering Merits of Case is Violative of Provisions of Section 250(6) of Income Tax Act: ITAT [Read Order]")
Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the annual letting value of unsold flats cannot be added under section 22 of Income Tax Act, 1961. The Tribunal directed...
![Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-ITAT-Unsold-flats-taxation-Annual-letting-value-ALV-of-unsold-flats-taxscan.jpg "Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]")