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
![No addition u/s 50C of IT Act when Income from Project of Redevelopment determined under PGBP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-profit-and-gains-of-business-of-profession-PGBP-Income-Tax-Act-Taxscan.jpg "No addition u/s 50C of IT Act when Income from Project of Redevelopment determined under PGBP: ITAT [Read Order]")
No addition u/s 50C of IT Act when Income from Project of Redevelopment determined under PGBP: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench ruled that no addition shall be made under Section 50C of the Income Tax Act, 1961 when...
![Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-TDS-TDS-credit-taxscan.jpg "Non-Grant of TDS credit: ITAT directs re adjudication [Read Order]")
![Failure to controvert evidence with respect to Sale against Advance amount received from Trade Creditors by ITD: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-ITAT-deletes-addition-ITAT-sale-against-advance-TAXSCAN.jpg "Failure to controvert evidence with respect to Sale against Advance amount received from Trade Creditors by ITD: ITAT deletes addition [Read Order]")
![ITAT directs Re adjudication with respect to Advance received against Booking of Flats [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-ITAT-re-adjudication-decision-Advance-booking-flats-ITAT-ITAT-directive-on-flat-booking-Taxscan.jpg "ITAT directs Re adjudication with respect to Advance received against Booking of Flats [Read Order]")
![ITAT directs to Eliminate Eclerx from final list of comparables chosen for Benchmarking KPO Transactions of Crisil [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Eclerx-Knowledge-process-outsourcing-KPO-benchmarking-taxscan.jpg "ITAT directs to Eliminate Eclerx from final list of comparables chosen for Benchmarking KPO Transactions of Crisil [Read Order]")
Income from housing finance for Residential Purposes for a period of less than 5 years eligible for deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]
The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai ruled that Income From housing finance for residential purposes for a period of less than 5 years should be eligible for...
![Income from housing finance for Residential Purposes for a period of less than 5 years eligible for deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Mumbai-ITAT-Income-Tax-Income-Tax-Act-ITAT-housing-finance-deduction-ITAT-ruling-on-residential-finance-Taxscan.jpg "Income from housing finance for Residential Purposes for a period of less than 5 years eligible for deduction u/s 36(1)(viii) of Income Tax Act: ITAT [Read Order]")
AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) directed re-adjudication after the Assessing Officer ( AO ) disallowed Depreciation claimed on the Opening Written down Value ( WDV ) of...
![AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Re-adjudication-Piramal-Enterprises-taxscan.jpg "AO disallows Depreciation claimed on Opening WDV of Computer Software by Piramal Enterprises: ITAT directs Re-adjudication [Read Order]")
Piramal Enterprises' unique unutilised MODVAT Credit recomputation attracts Rs. 207 Crores Addition: ITAT orders Re-adjudication [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) in Mumbai has directed re-adjudication regarding the addition of Rs. 207 crores on increase in the value of closing stock by the Piramal Enterprises. In...
![Piramal Enterprises unique unutilised MODVAT Credit recomputation attracts Rs. 207 Crores Addition: ITAT orders Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Piramal-Enterprises-MODVAT-Credit-recomputation-MODVAT-taxscan.jpg "Piramal Enterprises unique unutilised MODVAT Credit recomputation attracts Rs. 207 Crores Addition: ITAT orders Re-adjudication [Read Order]")
Competent Authority Approval in Form No. 3CM requires for claiming Deduction on R & D Expenditure u/s 35(2AB) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that in order to claim deduction on Research and Development ( R&D ) expenditure under Section 35(2AB) of the Income Tax...
![Competent Authority Approval in Form No. 3CM requires for claiming Deduction on R & D Expenditure u/s 35(2AB) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Competent-Authority-Approval-Form-No.-3CM-Deduction-R-D-Expenditure-Income-Tax-Act-ITAT-taxscan.jpg "Competent Authority Approval in Form No. 3CM requires for claiming Deduction on R & D Expenditure u/s 35(2AB) of Income Tax Act: ITAT [Read Order]")
ITAT directs Re-adjudication on Addition of Insurance Claim of Rs. 2.75 Crores Taxed under Business Head [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has directed re-adjudication on the addition of Insurance claim of  Rs. 2.75 taxed under the business head. The assessee, Piramal...
![ITAT directs Re-adjudication on Addition of Insurance Claim of Rs. 2.75 Crores Taxed under Business Head [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Re-adjudication-ITAT-directs-Re-adjudication-on-Addition-of-Insurance-Claim-taxscan.jpg "ITAT directs Re-adjudication on Addition of Insurance Claim of Rs. 2.75 Crores Taxed under Business Head [Read Order]")
Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]
The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Mumbai while deleting the addition made by the assessing officer the bench held that the source of cash deposit made in corporation...
![Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Mumbai-Income-Tax-Cash-Deposit-Corporation-bank-TAXSCAN-1.jpg "Source of Cash Deposit made in Corporation Bank is out of Advanced money received from Sale of Property: ITAT deletes addition [Read Order]")
Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as 'Business Income', Not 'Capital Gain' [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT ) has concluded that Piramal Enterprises suffered a setback by categorizing the compensation of Rs. 92.7 crore from termination as...
![Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as Business Income, Not Capital Gain [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Piramal-Enterprises-Faces-ITAT-Compensation-termination-Business-Income-Capital-Gain-taxscan.jpg "Piramal Enterprises Faces Setback: ITAT rules Rs. 92.7 Cr Compensation from termination as Business Income, Not Capital Gain [Read Order]")