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

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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

Exemption Allowable on Sale Consideration Invested In Purchase of Property with Prior Permission of Charity Commissioner: ITAT upholds CIT (A) Order [Read Order]

Yogitha S. Yogesh

In a recent case, the Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax [CIT(A)] which allowed the...

Rejection of Additional Evidence by weighted Deduction u/s 35(2AB): ITAT directs Re-adjudication...

Lack of Adverse observations by AO: ITAT allows long-term Capital Gain Exemption [Read Order]

Undeclared Foreign Income from House Property and Other Sources Declared in Rectified ITR: ITAT...

ITAT allows Income Tax Exemptions u/s 80P, claimed by CIDCO [Read Order]

Income Tax Addition On Interest Income Received Out Of FDs is Invalid In Absence Of Corroborative Evidence: ITAT [Read Order]

In a significant case, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has Income tax addition on interest income received out of Fixed Deposits ( FDs) is invalid in absence of corroborative...

ITAT upholds CIT (A) Ruling deleting Addition Made by AO on Bogus LTCG Due to Lack of Inquiry [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue's appeal, upholding the Commissioner of Income Tax (Appeals) [ CIT(A) ]'s decision to delete the addition made by...

Taxpayer Rectifies Excess Salary Income Declaration with Revised Return: ITAT deletes Penalty u/s 271(1)(c) [Read Order]

In a significant ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1)(c) of the Income Tax Act,1961, after the taxpayer rectified the excess...

Initiation of Legal Proceedings against Mercator Ltd during Moratorium: ITAT upholds IBC Provision against Deputy Commissioner of Income Tax [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) adjudicated two cross appeals filed by the Deputy Commissioner of Income Taxes, Mumbai against Mercator Ltd., Mumbai undergoing...

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 trust under Section 10(38) of the Income Tax Act,...

ITAT deletes Adjustment on Section 80P Deduction as Taxpayer Filed ITR within Due Date u/s 139(1) [Read Order]

In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the adjustment on the Section 80P deduction as the taxpayer filed their Income Tax Return ( ITR ) within...

Lack of Territorial Jurisdiction, ITAT dismisses Revenue appeal against Bank of Baroda [Read Order]

ITAT Mumbai Bench dismisses the appeal filed by the Revenue due to the lack of Territorial Jurisdiction. An appeal was filed by the Revenue, challenging the order of Commissioner of Income Tax...

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