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
![Income Tax cannot be levied on Income already paid: ITAT dismisses Interest u/S 234 A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Appellate-Tribunal-income-tax-ITAT-dismisses-interest-TAXSCAN.jpg "Income Tax cannot be levied on Income already paid: ITAT dismisses Interest u/S 234 A of Income Tax Act [Read Order]")
Income Tax cannot be levied on Income already paid: ITAT dismisses Interest u/S 234 A of Income Tax Act [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the imposition of interest under section 234A of the Income Tax Act...
![Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-ITAT-Mumbai-Business-receipt-unexplained-cash-receipt-Income-Tax-on-Unexplained-cash-taxscan.jpg "Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]")
![Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Bajaj-auto-ITAT-ITAT-Mumbai-Income-tax-act-Income-tax-on-bajaj-auto-Income-tax-deduction-on-depreciation-TAXCSAN.jpg "Set back to Bajaj Auto: ITAT allows Deduction u/s 80 IA of Income Tax Act after deducting Depreciation from Profits of eligible undertakings [Read Order]")
![Surplus on Redemption of Treasury bill is to be taxed under Capital Gains: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Treasury-bill-redemption-tax-Income-Tax-ITAT-Mumbai-Capital-gain-Surplus-taxation-on-Treasury-bill-taxscan.jpg "Surplus on Redemption of Treasury bill is to be taxed under Capital Gains: ITAT [Read Order]")
![Relief to Bajaj Auto Ltd: ITAT allows Deduction u/s 40(a) (i) of Income Tax Act in respect of Expenditure incurred in Foreign Currency [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Income-tax-on-bajaj-auto-ltd-Bajaj-auto-ltd-Income-tax-act-Expenditure-incurred-in-foreign-currency-Foreign-currency-ITAT-allows-deduction-Expenditure-incurred-TAXSCAN.jpg "Relief to Bajaj Auto Ltd: ITAT allows Deduction u/s 40(a) (i) of Income Tax Act in respect of Expenditure incurred in Foreign Currency [Read Order]")
![ITAT allows Deduction u/S 80G of Income Tax Act on CSR expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Income-tax-act-ITAT-allows-deduction-Deduction-CSR-expenses-Corporate-Social-Responsibility-expenses-TAXSCAN.jpg "ITAT allows Deduction u/S 80G of Income Tax Act on CSR expenses [Read Order]")
Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order of the Commissioner of Income Tax ( appeals ) acknowledging that the non-appearance due to...
![Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-Assessment-order-Commissioner-of-Income-Tax-appeals-Information-gathering-process-Income-Tax-taxscan-1.jpg "Non-appearance due to continuation of information gathering process not Deliberate Act: ITAT quashes Assessment Order of CIT(A) [Read Order]")
Non Appearance and Failure to submit Documentation in exemption claim u/S 54 of Income Tax Act: ITAT dismisses appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed appeal due to non-appearance and failure to submit documentation for exemption claim under Section 54 of the Income Tax Act 1961...
![Non Appearance and Failure to submit Documentation in exemption claim u/S 54 of Income Tax Act: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Income-Tax-Act-ITAT-dismisses-appeal-ITAT-mumbai-TAXSCAN.jpg "Non Appearance and Failure to submit Documentation in exemption claim u/S 54 of Income Tax Act: ITAT dismisses appeal [Read Order]")
Information found in Pen Drive/Laptop of employees cannot be considered as Credible Evidence: ITAT deletes addition under Income Tax Act [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that information found in the pen drive /laptop of employees cannot be considered as credible evidence and directed to delete the...
![Information found in Pen Drive/Laptop of employees cannot be considered as Credible Evidence: ITAT deletes addition under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Appellate-Tribunal-Income-Tax-Act-ITAT-mumbai-TAXSCAN.jpg "Information found in Pen Drive/Laptop of employees cannot be considered as Credible Evidence: ITAT deletes addition under Income Tax Act [Read Order]")
Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench while allowing benefit of section 11 and 12 of the Income Tax Act, 1961 held that levying/collecting fees for guarantee from Member...
![Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Mumbai-Member-Lending-Institutions-Collection-of-fees-Levy-fees-for-guarantee-Taxation-on-guarantee-fees-Income-Tax-taxscan-1.jpg "Levying/collecting fees for guarantee from MLIs not profit motive: ITAT allows benefit of section 11 & 12 of Income Tax Act [Read Order]")
ITAT directs to restrict Unexplained Portion of cash and Gold Bars received to 50% of as Gift from family in Navjote ceremony of son [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench directed it to restrict to the extent of 50% of unexplained portion of cash and Gold bars received as gift from family in Navjote ceremony of...
![ITAT directs to restrict Unexplained Portion of cash and Gold Bars received to 50% of as Gift from family in Navjote ceremony of son [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-cash-and-Gold-Bars-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT directs to restrict Unexplained Portion of cash and Gold Bars received to 50% of as Gift from family in Navjote ceremony of son [Read Order]")