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 upholds disallowance of Expenditure incurred out of Interest Income pertaining to various funds held by NABARD on behalf of GOI [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Income-tax-news-NABARD-Indian-government-Disallowance-of-expenditure-TAXSCAN.jpg "ITAT upholds disallowance of Expenditure incurred out of Interest Income pertaining to various funds held by NABARD on behalf of GOI [Read Order]")
ITAT upholds disallowance of Expenditure incurred out of Interest Income pertaining to various funds held by NABARD on behalf of GOI [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) upheld the disallowance of expenditure incurred out of interest income pertaining to...
![Failure to Prove Genuineness of Share Purchase Transaction Claim and Creditworthiness of Invested Company: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Genuineness-Share-Purchase-Transaction-Claim-Creditworthiness-of-Invested-Company-ITAT-dismisses-Appeal-TAXSCAN.jpg "Failure to Prove Genuineness of Share Purchase Transaction Claim and Creditworthiness of Invested Company: ITAT dismisses Appeal [Read Order]")
![Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Department-Inland-Revenue-Sri-Lanka-Certifies-Gross-Remuneration-ITAT-AO-TDS-Credit-Self-Assessment-Tax-TAXSCAN.jpg "Department of Inland Revenue Sri Lanka Certifies Assessee’s Gross Remuneration: ITAT directs AO to allow TDS Credit and Self-Assessment Tax [Read Order]")
Tax Treaty Benefit Not Denied merely on Ground of Mobile Number Provided in ITR showed Fraud in True caller: ITAT [Read Order]
In a recent ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that tax treaty benefits cannot be denied solely based on the mobile number provided in the Income Tax Return (...
![Tax Treaty Benefit Not Denied merely on Ground of Mobile Number Provided in ITR showed Fraud in True caller: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Tax-Treaty-Benefit-Denied-merely-Ground-of-Mobile-Number-Provided-ITR-showed-Fraud-True-caller-ITAT-taxscan.jpg "Tax Treaty Benefit Not Denied merely on Ground of Mobile Number Provided in ITR showed Fraud in True caller: ITAT [Read Order]")
Appellant’s Bank statements Confirms Full Payment and Compliance with Section 56 (2)(x) (b) (B): ITAT deletes addition of Rs. 60.1 Lakhs [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT )Â has deleted the addition of INR 60.1 Lakhs after the appellant's bank statements confirmed full payment and compliance with Section...
![Appellant’s Bank statements Confirms Full Payment and Compliance with Section 56 (2)(x) (b) (B): ITAT deletes addition of Rs. 60.1 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-Income-tax-Bank-statement-Bank-statements-evidence-taxscan.jpg "Appellant’s Bank statements Confirms Full Payment and Compliance with Section 56 (2)(x) (b) (B): ITAT deletes addition of Rs. 60.1 Lakhs [Read Order]")
Source for Deposits made in Demonetisation Period Substantiated: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition under Section 68 of the Income Tax Act, 1961 as the source for deposits made during the demonetization period...
![Source for Deposits made in Demonetisation Period Substantiated: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-tax-Demonetisation-deposits-Section-68-of-income-tax-act-taxscan.jpg "Source for Deposits made in Demonetisation Period Substantiated: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
No Employer-Employee Relationship Between Piramal Enterprises and Doctors to Levy FBT: ITAT deletes Addition u/s 115WB (2)(d) and S. 115WB(2)(o) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that there exists no employer-employee relationship between Piramal Enterprises and doctors, leading to the deletion of...
![No Employer-Employee Relationship Between Piramal Enterprises and Doctors to Levy FBT: ITAT deletes Addition u/s 115WB (2)(d) and S. 115WB(2)(o) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/No-Employer-Employee-Relationship-Piramal-Enterprises-Doctors-to-Levy-FBT-ITAT-Addition-taxscan.jpg "No Employer-Employee Relationship Between Piramal Enterprises and Doctors to Levy FBT: ITAT deletes Addition u/s 115WB (2)(d) and S. 115WB(2)(o) [Read Order]")
STCL Off settable Against STCG across Assets Regardless of Tax Rate Disparity u/s 70 (2) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Short Term Capital Loss ( STCL ) offsettable against Short Term Capital Gain ( STCG ) across assets regardless of tax rate...
![STCL Off settable Against STCG across Assets Regardless of Tax Rate Disparity u/s 70 (2) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Income-tax-Tax-rate-disparity-Short-term-capital-loss-Short-term-capital-gain-taxscan.jpg "STCL Off settable Against STCG across Assets Regardless of Tax Rate Disparity u/s 70 (2) of Income Tax Act: ITAT [Read Order]")
Failure to Prove Genuineness of Share Purchase Transaction Claim and Creditworthiness of Invested Company: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal due to the failure to prove the genuineness of the share purchase transaction claim and the creditworthiness of the...
![Failure to Prove Genuineness of Share Purchase Transaction Claim and Creditworthiness of Invested Company: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Share-Purchase-Transaction-taxscan.jpg "Failure to Prove Genuineness of Share Purchase Transaction Claim and Creditworthiness of Invested Company: ITAT dismisses Appeal [Read Order]")
Tax Treaty Benefit Not Denied merely on Ground of Mobile Number Provided in ITR showed Fraud in True caller: ITAT [Read Order]
In a recent ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that tax treaty benefits cannot be denied solely based on the mobile number provided in the Income Tax Return (...
![Tax Treaty Benefit Not Denied merely on Ground of Mobile Number Provided in ITR showed Fraud in True caller: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-ITR-Tax-Treaty-Benefit-taxscan.jpg "Tax Treaty Benefit Not Denied merely on Ground of Mobile Number Provided in ITR showed Fraud in True caller: ITAT [Read Order]")