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
![AO fails to Record Dissatisfaction mandated u/s 14A: ITAT allows Expenditure Claim u/s 14A Incurred in relation to Earning Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/assessing-officer-ITAT-under-section-14-A-Expenditure-Claim-Exempt-Income-taxscan.jpg "AO fails to Record Dissatisfaction mandated u/s 14A: ITAT allows Expenditure Claim u/s 14A Incurred in relation to Earning Exempt Income [Read Order]")
AO fails to Record Dissatisfaction mandated u/s 14A: ITAT allows Expenditure Claim u/s 14A Incurred in relation to Earning Exempt Income [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the claim of expenditure incurred in relation to earning exempt income under...
![Management Fees for Sale of Securities is allowable Expenditure u/s 48 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Management-fees-Sale-of-securities-Tax-deductible-expenses-taxscan.jpg "Management Fees for Sale of Securities is allowable Expenditure u/s 48 of Income Tax Act: ITAT [Read Order]")
![Purchase and Sale of Shares Transactions cannot be considered bogus when Documentary Evidence Genuinely Established : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Purchase-Purchase-and-Sale-of-Shares-Transactions-bogus-Documentary-Evidence-taxscan.jpg "Purchase and Sale of Shares Transactions cannot be considered bogus when Documentary Evidence Genuinely Established : ITAT [Read Order]")
![Relief to Tata Steel Limited: ITAT allows deduction of Interest on PNCD in Computation Book Profit u/s 115JB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Mumbai-ITAT-Income-tax-Income-tax-news-Tata-Steel-taxscan.jpg "Relief to Tata Steel Limited: ITAT allows deduction of Interest on PNCD in Computation Book Profit u/s 115JB of Income Tax Act [Read Order]")
![Compensation Afforestation Fund Contributed by TATA Steel is an allowable Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-tax-Income-tax-news-Compensation-Afforestation-Fund-TATA-Steel-taxscan.jpg "Compensation Afforestation Fund Contributed by TATA Steel is an allowable Expenditure: ITAT [Read Order]")
![Form 26 AS or Form 16 Essential for TDS Credit Claim: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Mumbai-ITAT-Income-Tax-TDS-Credit-Claim-TDS-Tax-Deducted-at-Source-Form-16-ITAT-Taxscan.jpg "Form 26 AS or Form 16 Essential for TDS Credit Claim: ITAT Directs Re-adjudication [Read Order]")
Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that interest income to a cooperative society from investments with any other cooperative society is deemed allowable under...
![Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Cooperative-Society-Indian-Oil-taxscan.jpg "Relief to Indian Oil Employees Welfare: ITAT rules Interest Income to Cooperative Society from Investment with any Other Cooperative Society Deemed allowable u/s 80P [Read Order]")
Employees Contribution of PF paid in Government Account before due date filing of ITR is allowable as Deduction: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the employees contribution of Provident Fund paid in Government Account before due date filing of Income Tax Return ( ITR...
![Employees Contribution of PF paid in Government Account before due date filing of ITR is allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Mumbai-Income-Tax-ITR-Income-Tax-Return-TAXSCAN.jpg "Employees Contribution of PF paid in Government Account before due date filing of ITR is allowable as Deduction: ITAT [Read Order]")
ITAT Allows Deduction for Electricity Charges, Miscellaneous Expenses and Audit Fees u/s 57 for Interest Income Earners [Read Order]
In recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed deduction for electricity charges, miscellaneous expenses and audit fees under Section 57 of Income Tax Act,...
![ITAT Allows Deduction for Electricity Charges, Miscellaneous Expenses and Audit Fees u/s 57 for Interest Income Earners [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-Mumbai-ITAT-Income-Tax-Electricity-Charges-Deduction-Tax-Audit-Fees-Deduction-for-Interest-Income-Taxscan.jpeg "ITAT Allows Deduction for Electricity Charges, Miscellaneous Expenses and Audit Fees u/s 57 for Interest Income Earners [Read Order]")
ITAT Directs AO to Scrutinize Purchase of Shares After Assessee Fails to Produce Documents [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer ( AO ) to scrutinize the purchase of shares following the assessee's failure to produce the required...
![ITAT Directs AO to Scrutinize Purchase of Shares After Assessee Fails to Produce Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-AO-to-Scrutinize-Purchase-of-Shares-Produce-Documents-TAXSCAN.jpg "ITAT Directs AO to Scrutinize Purchase of Shares After Assessee Fails to Produce Documents [Read Order]")
Taxpayer Fails to Provide Detailed Expenditure of Rs. 35.2 lakhs Claimed as Business Promotion Expenses: ITAT Directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication as the taxpayer failed to provide detailed expenditure of Rs. 35.2 lakhs claimed as business promotion...
![Taxpayer Fails to Provide Detailed Expenditure of Rs. 35.2 lakhs Claimed as Business Promotion Expenses: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Mumbai-Income-Tax-Business-Promotion-Expenses-TAXSCAN.jpg "Taxpayer Fails to Provide Detailed Expenditure of Rs. 35.2 lakhs Claimed as Business Promotion Expenses: ITAT Directs Re-adjudication [Read Order]")
![Share profit From Partnership Firm exempted u/s 10 (2A) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Share-profit-us-10-2A-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Share profit From Partnership Firm exempted u/s 10 (2A) of Income Tax Act: ITAT [Read Order]")