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
![Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Allegation-Bogus-Purchase-ITAT-ITAT-mumbai-Income-Tax-taxscan.jpg "Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]")
Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal( ITAT) confirmed the addition made by Income Tax Authorities on the gross profit margin @ 12.5%...
![Transaction under Family Settlement Agreement does not Amount to Transfer: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-acts-ITAT-ruling-on-family-settlement-Income-Tax-Act-ITAT-ruling-section-69-TAXSCAN.jpg "Transaction under Family Settlement Agreement does not Amount to Transfer: ITAT deletes Addition u/s 69 of Income Tax Act [Read Order]")
![Notice issued u/s 148 of Income Tax Act Wholly without Jurisdiction and Bad in law: ITAT quashes Reopening of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-mumbai-Income-Tax-Act-Section-148-of-the-Income-Tax-Act-taxscan.jpg "Notice issued u/s 148 of Income Tax Act Wholly without Jurisdiction and Bad in law: ITAT quashes Reopening of Assessment [Read Order]")
![No TDS Deduction on Transaction of Assigning Loans by NBFC: ITAT rules in Favour of SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-income-tax-rules-ITAT-rules-SBI-rules-Assigning-loans-by-NBFC-TAXSCAN.jpg "No TDS Deduction on Transaction of Assigning Loans by NBFC: ITAT rules in Favour of SBI [Read Order]")
Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, specifying that interest on income tax refund would be categorized as taxable...
![Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Shell-Technology-Income-Tax-Refund-Interest-Taxable-Income-India-Netherlands-DTAA-ITAT-taxscan.jpg "Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]")
Relief to Shell Information Technology: ITAT rules Payment for IT Support Services not considered as FTS under Article 12 of India - Netherlands DTAA
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, ruling that payments for IT support services were not considered fees for technical...
ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]
The Two member bench of Mumbai Income Tax Appellate Tribunal ( ITAT ) directs readjudication for determining the municipal rateable value of the flats held as stock in trade The Assessee, La...
![ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Mumbai-readjudication-ITAT-Updating-taxscan.jpg "ITAT directs Readjudication for determining Municipal Rateable Value of Flats held as Stock in Trade [Read Order]")
ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that ALP Adjustment is not permissible on a notional amount of royalty paid by an overseas subsidiary and confirmed the CIT(A)'s...
![ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ALP-Adjustment-Notional-Amount-Royalty-Paid-Overseas-Subsidiary-ITAT-taxscan.jpg "ALP Adjustment not permissible on Notional Amount of Royalty Paid by Overseas Subsidiary: ITAT [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 feasibility study report, to the extent that it...
![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]")
Building, Machinery Plant or Furniture not Exclusively used for Purpose of Business or Profession: ITAT disallows Depreciation Claim on Building [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) disallowed the depreciation claim on any building, machinery, plant, or furniture not exclusively used for the purpose of business or...
![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]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the disallowance under Section 14A of Income Tax Act, 1961 read with Rule 8D of the Income Tax Rule, 1962 as the Assessing...
![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]")