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
![ITAT directs AO to Disallow Asian Paints Consulting Fee to Paid for Feasibility Study Report Extent Only for Home Improvement and Decor Business Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Asian-Paints-Furnish-Necessary-Details-Claim-of-Sundry-Balances-Written-Off-ITAT-Documents-TAXSCAN.jpg "ITAT directs AO to Disallow Asian Paints Consulting Fee to Paid for Feasibility Study Report Extent Only for Home Improvement and Decor Business Expenditure [Read Order]")
ITAT directs AO to Disallow Asian Paints' Consulting Fee to Paid for Feasibility Study Report Extent Only for Home Improvement and Decor Business Expenditure [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer to disallow Asian Paints' consulting fee paid for a...
![Building, Machinery Plant or Furniture not Exclusively used for Purpose of Business or Profession: ITAT disallows Depreciation Claim on Building [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/income-tax-ITAT-ITAT-Mumbai-Plant-machinery-taxscan.jpg "Building, Machinery Plant or Furniture not Exclusively used for Purpose of Business or Profession: ITAT disallows Depreciation Claim on Building [Read Order]")
![AO Fails to Examine Correctness of Asian Paints Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-income-tax-income-tax-acts-income-tax-rules.jpg "AO Fails to Examine Correctness of Asian Paints Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]")
![AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Misconstrued-Directions-PCIT-Revisionary-Order-Payment-of-Loans-ITAT-re-adjudication-TAXSCAN.jpg "AO Misconstrued Directions given by PCIT in Revisionary Order regarding Payment of Loans: ITAT directs re adjudication [Read Order]")
![Expenditure incurred by Asian Paints on research and Development Eligible for Deduction u/s 35 (2AB) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Expenditure-Asian-Paints-research-Development-Eligible-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Expenditure incurred by Asian Paints on research and Development Eligible for Deduction u/s 35 (2AB) of Income Tax Act: ITAT [Read Order]")
No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance shall be made on interest expense claimed in respect of ST RRB Credit Refinance Fund of National Bank for...
![No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/No-disallowance-interest-expense-respect-ST-RRB-Credit-Refinance-Fund-NABARD-ITAT-taxscan.jpg "No disallowance of interest expense claimed in respect of ST RRB Credit Refinance Fund of NABARD: ITAT [Read Order]")
ITAT directs Re adjudication with respect to liability of Property Tax paid on behalf of Collector [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) directed readjudication with respect to the liability of property tax paid on behalf of the collector. Further observed that the lower...
![ITAT directs Re adjudication with respect to liability of Property Tax paid on behalf of Collector [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Re-adjudication-liability-of-Property-Tax-paid-behalf-of-Collector-taxscan.jpg "ITAT directs Re adjudication with respect to liability of Property Tax paid on behalf of Collector [Read Order]")
Relief to NABARD: ITAT allows Interest Expenditure incurred from Government set up fund of RIDF and STCRCF allowable as deduction [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while providing relief to National Bank for Agriculture & Rural Development ( NABARD ) allowed Interest Expenditure incurred from the...
![Relief to NABARD: ITAT allows Interest Expenditure incurred from Government set up fund of RIDF and STCRCF allowable as deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-NABARD-Government-funds-deduction-NABARD-Interest-expenditure-taxscan.jpg "Relief to NABARD: ITAT allows Interest Expenditure incurred from Government set up fund of RIDF and STCRCF allowable as deduction [Read Order]")
Deduction u/s 36(1)(xii) of Income Tax Act can only claim with respect to expenditure incurred on Promotional Activities “notified entities”: ITAT directs re adjudication [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) after observing the deduction under Section 36(1)(xii) of Income Tax Act, 1961 can only claim with respect to expenditure incurred on...
![Deduction u/s 36(1)(xii) of Income Tax Act can only claim with respect to expenditure incurred on Promotional Activities “notified entities”: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/TAT-Mumbai-Income-tax-Income-tax-news-Promotional-activities-expenditure-Notified-entities-TAXSCAN.jpg "Deduction u/s 36(1)(xii) of Income Tax Act can only claim with respect to expenditure incurred on Promotional Activities “notified entities”: ITAT directs re adjudication [Read Order]")
ITAT upholds TNMM Method Over CUP for Benchmarking Export Transactions under Manufacturing Segment [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld Transactional Net Margin Method ( TNMM ) over Central Processing Unit ( CPU ) benchmarking export transactions under...
![ITAT upholds TNMM Method Over CUP for Benchmarking Export Transactions under Manufacturing Segment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-TNMM-Over-CUP-Benchmarking-Export-Transactions-Manufacturing-Segment-taxscan.jpg "ITAT upholds TNMM Method Over CUP for Benchmarking Export Transactions under Manufacturing Segment [Read Order]")
ITAT allows deduction u/s 54 of Income Tax Act w.r.t respect of New Residential House Property Purchased in Name of Wife [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed deduction under Section 54 of the Income Tax Act with respect to the new residential house property purchased in the name of the...
![ITAT allows deduction u/s 54 of Income Tax Act w.r.t respect of New Residential House Property Purchased in Name of Wife [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-deduction-Income-Tax-Act-New-Residential-House-Property-Purchased-Name-of-Wife-taxscan.webp "ITAT allows deduction u/s 54 of Income Tax Act w.r.t respect of New Residential House Property Purchased in Name of Wife [Read Order]")
ITAT directs readjudication regarding Prior Period Expenses after find out year of Crystallization [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) directed readjudication regarding the prior period expenses after finding out the year of crystallization. The Assessee National Bank for...
![ITAT directs readjudication regarding Prior Period Expenses after find out year of Crystallization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-Income-Tax-Income-tax-news-Prior-period-expenses-taxscan.jpg "ITAT directs readjudication regarding Prior Period Expenses after find out year of Crystallization [Read Order]")