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
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]](https://www.taxscan.in/wp-content/uploads/2024/07/Half-Yearly-Case-Digest-ITAT-Case-Digest-Half-Yearly-Income-Tax-Digest-Income-Tax-half-yearly-Case-Digest-ITAT-Tax-Judgement-part-6-taxscan.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]")
Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part VI]
This half-yearly round-up analytically summarizes the key direct tax decisions of the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in...
![Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part I]](https://www.taxscan.in/wp-content/uploads/2024/07/Half-Yearly-Case-Digest-ITAT-Case-Digest-Half-Yearly-Income-Tax-Digest-Income-Tax-half-yearly-Case-Digest-ITAT-Tax-Judgement-part-1-taxscan.jpg "Half Yearly Income Tax Digest: ITAT Rulings 2024 [Part I]")
![Addition on Payment of Rent and Salary by Charitable Trust: ITAT Upholds Allowance of Exemptions under Section 11 Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-mumbai-Tax-Exemption-for-Charitable-Trusts-Rent-and-Salary-Payment-Salary-Payment-by-Trust-taxscan.jpg "Addition on Payment of Rent and Salary by Charitable Trust: ITAT Upholds Allowance of Exemptions under Section 11 Income Tax Act [Read Order]")
![Disallowance under Income Tax Act cannot be based on Presumptions of Earning Dividend Income in future: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-Dividend-Income-Dividend-Income-Taxation-taxscan.jpg "Disallowance under Income Tax Act cannot be based on Presumptions of Earning Dividend Income in future: ITAT [Read Order]")
![ITAT deletes Addition of ‘On Money’ due to Lack of Information about Receipt of Money [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Deletes-Addition-Income-Tax-Appellate-Tribunal-ITAT-mumbai-income-tax-addition-Income-Tax-taxscan.webp "ITAT deletes Addition of ‘On Money’ due to Lack of Information about Receipt of Money [Read Order]")
Date of Allotment of Under-Construction Property cannot be Treated as “Date of Purchase”: ITAT allows Capital Gains Exemption u/s 54 [Read Order]
In a recent ruling, a Two-Member bench of the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the date of allotment in respect of an under-construction property cannot be...
![Date of Allotment of Under-Construction Property cannot be Treated as “Date of Purchase”: ITAT allows Capital Gains Exemption u/s 54 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-mumbai-Capital-Gains-Income-Tax-Appellate-Tribunal-section-54-of-the-Income-Tax-provision-mandates-capital-gain-deduction-income-tax-taxscan.webp "Date of Allotment of Under-Construction Property cannot be Treated as “Date of Purchase”: ITAT allows Capital Gains Exemption u/s 54 [Read Order]")
Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the assessee was eligible to claim depreciation on the cost of goodwill acquired from MSN Singapore through a demerger if not...
![Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-mumbai-section-32-of-income-tax-act-goodwill-aquired-from-subsidiary-company-taxscan.jpg "Depreciation on Goodwill Acquired from Subsidiary Company by Demerger Allowed if Not Previously Claimed or Allowed u/s 32 of Income Tax Act: ITAT [Read Order]")
ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayer's Non-Agricultural Land Sale [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed an Income tax addition of Rs. 1.45 crore as short-term capital gain from the taxpayer's sale of non-agricultural land. The...
![ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayers Non-Agricultural Land Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Mumbai-Income-Tax-Addition-as-Short-Term-Capital-Gain-Taxpayers-Non-Agricultural-Land-Sale-taxscan.jpg "ITAT confirms Rs. 1.45 Crore Income Tax Addition as Short-Term Capital Gain in Taxpayers Non-Agricultural Land Sale [Read Order]")
Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed the AO to allow Tax Deducted at Source ( TDS ) credit to transferees, even if the certificates are in the name of the...
![Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Tax-Deducted-at-Source-Section-40aia-of-the-Income-Tax-Act-ITAT-Income-Tax-Appellate-Tribunal-taxscan.jpg "Transferees Eligible to Claim TDS Credit Even if Certificates are in Name of Amalgamated/Demerged Company: ITAT [Read Order]")
Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed the Assessing officer to assess the interest income under the head "Income from Business," confirming that interest income is...
![Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Mumbai-Interest-Income-is-Assessable-as-Business-Income-ITAT-Directs-AO-to-Assess-Interest-Income-TAXSCAN.jpg "Interest Income is Assessable as Business Income: ITAT directs AO to Assess Interest Income under Head Income from Business [Read Order]")
Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal as the taxpayer died and no legal heirs were substituted within a reasonable time. When the present appeal was...
![Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Mumbai-Income-tax-appellate-tribunal-Legal-heirs-TAXSCAN.jpg "Taxpayer dies and no Legal Heirs is substituted within a Reasonable Time: ITAT dismisses Appeal [Read Order]")