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
![Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Failure-file-form-10IC-Non-appearance-ITAT-Concessional-rate-of-tax-Income-Tax-Act-taxscan.jpg "Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]")
Failure to file form 10IC due to Non-appearance: ITAT Allows Concessional rate of tax u/s 115BAA of Income Tax Act [Read Order]
In a major ruling the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed concessional rate of tax under Section 115BAA of the Income...
![Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-ITAT-Income-Tax-Act-Income-Tax-ITAT-Ruling-on-Income-Tax-Penalty-Taxscan.jpg "Mere making of Incorrect Claim does not Tantamount to furnishing of inaccurate particular: ITAT deletes Penalty u/s 27(1)(c) of Income Tax Act [Read Order]")
![Incorrect adding of additional Depreciation to Computation of Book Profit: ITAT directs AO to delete addition u/s 115JB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-ITAT-Income-Tax-Act-Income-Tax-Section-115JB-of-Income-Tax-Act-ITAT-Additional-Depreciation-Ruling-Taxscan.jpg "Incorrect adding of additional Depreciation to Computation of Book Profit: ITAT directs AO to delete addition u/s 115JB of Income Tax Act [Read Order]")
![ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-ITR-form-10CCB-TAXSCAN.jpg "ITR Filed along with Form 10CCB: ITAT allows Claim of Deduction u/s 80-IC of Income Tax Act [Read Order]")
![Decision of CIT (A) without Considering Merits of Case is Violative of Provisions of Section 250(6) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Violative-provisions-Commissioner-of-Income-Tax-TAXSCAN.jpg "Decision of CIT (A) without Considering Merits of Case is Violative of Provisions of Section 250(6) of Income Tax Act: ITAT [Read Order]")
Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the annual letting value of unsold flats cannot be added under section 22 of Income Tax Act, 1961. The Tribunal directed...
![Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-ITAT-Unsold-flats-taxation-Annual-letting-value-ALV-of-unsold-flats-taxscan.jpg "Annual Letting Value of Unsold Flats cannot be added under section 22 of Income Tax Act: ITAT [Read Order]")
Pure Charity Performance of Activity without Consideration is not Envisioned u/s 2(15) of Income Tax Act as GPU object: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Pure Charity Performance of Activity without Consideration is not envisioned under Section 2(15) of the Income Tax Act,...
![Pure Charity Performance of Activity without Consideration is not Envisioned u/s 2(15) of Income Tax Act as GPU object: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-Income-Tax-Charitable-activities-GPU-General-Public-Utility-TAXSCAN.jpg "Pure Charity Performance of Activity without Consideration is not Envisioned u/s 2(15) of Income Tax Act as GPU object: ITAT [Read Order]")
Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT [Read Order]
In a recent judgement, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that interest income derived by a co-operative society from any other co-operative bank is allowable as...
![Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Cooperative-society-Income-Tax-Interest-income-Tax-deduction-Co-operative-bank-ITAT-Mumbai-TAXSCAN.jpg "Interest Income Derived by Co-operative Society from any other Co-operative Bank allowable as Deduction u/s 80P(2)(d): ITAT [Read Order]")
Disallowance u/s 14 A is allowable only on Investments that yielded Exempt Income: ITAT rules in favour of Reliance Power Ltd [Read Order]
In the case of Reliance Power Ltd, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that disallowance under section 14 A of the Income Tax Act, 1961 is allowable only on...
![Disallowance u/s 14 A is allowable only on Investments that yielded Exempt Income: ITAT rules in favour of Reliance Power Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-Exempted-Income-taxscan.jpg "Disallowance u/s 14 A is allowable only on Investments that yielded Exempt Income: ITAT rules in favour of Reliance Power Ltd [Read Order]")
Non Response to Notice u/s 133(6) of Income Tax Act doesn't prove that entire Transaction is Bogus: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no response to notice under Section 133(6) of Income Tax Act, 1961 that doesn't prove that entire transactions are bogus ...
![Non Response to Notice u/s 133(6) of Income Tax Act doesnt prove that entire Transaction is Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Non-response-to-Income-Tax-Notice-Bogus-transactions-and-Income-Tax-ITAT-rulings-on-bogus-transactions-Taxscan.jpg "Non Response to Notice u/s 133(6) of Income Tax Act doesnt prove that entire Transaction is Bogus: ITAT [Read Order]")
Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered Jet Airways, amidst pending insolvency proceedings before the National Company Law Tribunal ( NCLT ), to pay costs amounting...
![Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-NCLT-Jet-Airways-PM-Relief-Fund-Insolvency-Proceedings-TAXSCAN.jpg "Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]")
Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act The assessing...
![Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Mumbai-Income-Tax-Act-Income-Tax-ITAT-ruling-on-income-tax-exemption-Ignorance-in-income-tax-filing-Taxscan.jpg "Account of inadvertent mistake or ignorance included in income any amount is exempt from Income Tax Act: ITAT [Read Order]")