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
![Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/business-expenditure-ITAT-ICICI-Bank-TAXSCAN.jpg "Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]")
Expenses incurred towards club membership fee of employees is business expenditure: ITAT grants relief to ICICI Bank [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, while granting relief to assessee ICICI Bank, held that expenses incurred towards the club...
![Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-14.jpg "Relief to ICICI Bank: ITAT directs to allow Depreciation claimed on Leased Assets continuing from Past Lease Transactions. [Read Order]")
![No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-12.jpg "No disallowance towards interest cost u/s 14A of Income Tax Act when investment made out of own funds: ITAT grants Relief to ICICI Bank [Read Order]")
![MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/MTM-losses-ICICI-Bank-ITAT-AO-MTM-TAXSCAN.jpg "MTM losses incurred in regular course of business of ICICI Bank allowable as deduction: ITAT directs AO to bring MTM gain reverse back to tax [Read Order]")
![Relief to Priya Gurnani, Moraj Group Director: ITAT allows Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-img-9.jpg "Relief to Priya Gurnani, Moraj Group Director: ITAT allows Standard Deduction u/s 24(a) of Income Tax Act on Annual Value of Property [Read Order]")
Setback to Moraj Group Director: ITAT upholds Assumption of 5% of Cost of Acquisition as Income from Property [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench upheld the assumption of 5% of Cost of acquisition as income from house property owned by Priya M Gurnani, director of Moraj Group. Priya...
![Setback to Moraj Group Director: ITAT upholds Assumption of 5% of Cost of Acquisition as Income from Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Moraj-Group-Director-ITAT-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Setback to Moraj Group Director: ITAT upholds Assumption of 5% of Cost of Acquisition as Income from Property [Read Order]")
ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]
In a significant move, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench has remanded the matter of Priya Gurnani, Co-Founder of Moraj Group for fresh examination of the entry provider allegedly...
![ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Moraj-Group-ITAT-Capital-Gain-Unsecured-Loan-Moraj-Group-Director-Priya-Gurnani-Alleged-Entry-Provider-AO-TAXSCAN.jpg "ITAT remands matter of Moraj Group Director Priya Gurnani to AO for examination on alleged entry provider used to accommodate capital gains and unsecured loans [Read Order]")
Setback to Moraj Group Director Priya Mohan Gurnani: No Fresh Notice required u/s 143(2) of IT Act on Change of Income Tax Officer
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that no fresh notice was required to be issued under Section 143(2) of the Income Tax Act on change of Income Tax Officer, in the...
Incriminating material about Rs.37 Cr revealed during Search from Moraj Group Co-Founder: ITAT remands matter to AO for further Enquiry [Read Order]
In a case where incriminating material of about Rs. 37 Crore was revealed during search in connection with Moraj Group Co-Founder Priya M Gurnani, the Income Tax Appellate Tribunal (ITAT) Mumbai...
![Incriminating material about Rs.37 Cr revealed during Search from Moraj Group Co-Founder: ITAT remands matter to AO for further Enquiry [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Incriminating-material-Moraj-Group-Co-Founder-ITAT-ITAT-remands-matter-to-AO-AO-Enquiry-taxscan.jpg "Incriminating material about Rs.37 Cr revealed during Search from Moraj Group Co-Founder: ITAT remands matter to AO for further Enquiry [Read Order]")
Benefit of Accumulation of Income u/s 11(2) shall be allowed when Audit Report in Form 10 is filed along with ITR: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the benefit of accumulation of income under Section 11(2) of the Income Tax Act, 1961 shall be allowed when the audit report in...
![Benefit of Accumulation of Income u/s 11(2) shall be allowed when Audit Report in Form 10 is filed along with ITR: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Audit-Report-Benefit-of-Accumulation-of-Income-itr-Income-Tax-Returns-itat-mumbai-itat-taxscan.jpg "Benefit of Accumulation of Income u/s 11(2) shall be allowed when Audit Report in Form 10 is filed along with ITR: ITAT [Read Order]")
Failure of CA to Register E-Mail ID on Income Tax Portal: ITAT grants another Opportunity to Assessee [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee due to the failure of the Chartered Accountant (CA) to register the email ID on the income tax...
![Failure of CA to Register E-Mail ID on Income Tax Portal: ITAT grants another Opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-image-4-1.jpg "Failure of CA to Register E-Mail ID on Income Tax Portal: ITAT grants another Opportunity to Assessee [Read Order]")
Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted another opportunity to the assessee and held that the addition as unexplained purchase expenses shall be made on failure to...
![Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Addition-Unexplained-Purchase-Purchase-Expenses-Evidence-for-Eviction-of-Encroacher-ITAT-ITAT-mumbai-taxscan.jpg "Addition as Unexplained Purchase Expenses shall be made on failure to Establish any Evidence for Eviction of Encroacher: ITAT grants another Opportunity to Assessee [Read Order]")