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
![Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-TDS-liability-TDS-Income-Tax-Wanton-Act-Wanton-act-in-tax-cases-Appellate-authority-and-TDS-TAXSCAN.jpg "Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]")
Non-appearance before Appellate Authority is not Wanton Act: ITAT Allows TDS Liability u/S 201(1) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) ruled that non-appearance before the appellate authority is not a wanton act and, consequently, allowed the...
![LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Long-Term-Capital-Gain-ITAT-ITAT-Mumbai-Tax-liability-Income-Tax-Cost-of-Acquisition-LTCG-without-indexing-Cost-of-Acquisition-Computing-tax-liability-LTCG-TAXSCAN.jpg "LTCG without indexing Cost of Acquisition is to be considered for computing Tax Liability u/s 115JB of Income Tax Act: ITAT [Read Order]")
![Payment from Sale of Shares Deposited in Bank Account: ITAT rules No Reason to add Capital Gains Unexplained Cash Credit u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Payment-Sale-of-Shares-Deposited-Bank-Account-ITAT-Capital-Gains-Unexplained-Cash-Credit-Income-Tax-Act-TAXSCAN.jpg "Payment from Sale of Shares Deposited in Bank Account: ITAT rules No Reason to add Capital Gains Unexplained Cash Credit u/s 68 of Income Tax Act [Read Order]")
![Non Resident Status can be given to Taxpayer who stayed in India for 176 days under Explanation 1(a) to Section 6(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Income-Tax-Tax-news-ITAT-on-Non-Resident-Status-taxscan.jpg "Non Resident Status can be given to Taxpayer who stayed in India for 176 days under Explanation 1(a) to Section 6(1) of Income Tax Act: ITAT [Read Order]")
Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) provided relief to Bajaj Auto by allowing a deduction under Section 80-O of the Income Tax Act, 1961 for the royalty fee received,...
![Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Mumbai-Bajaj-auto-Income-tax-act-Income-Tax-Act-on-Royalty-fee-received-ITAT-allows-Deduction-Patent-Trademark-Income-tax-on-bajaj-auto-TAXSCAN.jpg "Relief to Bajaj Auto: ITAT allows Deduction u/S 80-O of Income Tax Act on Royalty fee received in nature of Drawing, Design, Invention, Patent and Trademark [Read Order]")
Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that tax implications and neutrality of transaction play a pivotal role in determining applicability of under Section 40A(2)(a)...
![Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-Tax-Implications-in-Transactions-ITAT-Ruling-on-Tax-Neutrality-Taxation-of-Financial-Transactions-taxscan.jpg "Tax implications and neutrality of transaction play a pivotal role in determining applicability of Section 40A (2) (a) of Income Tax Act: ITAT [Read Order]")
Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has rejected the claim for the deduction of expenditure on a masala grinder and toaster, as reported under capital expenditure in the tax...
![Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Capital-Expenditure-tax-audited-report-ITAT-deduction-claim-of-deduction-masala-grinder-and-toaster-taxscan.jpeg "Capital Expenditure in Tax Audit Report: ITAT sets aside Claim of Deduction of Expenditure on Masala Grinder and Toaster [Read Order]")
Non-production of complete Bills and Vouchers: ITAT directs AO to limit Disallowance Percentages for Aggregate Expenditure, Conveyance Charges, office Maintenance, Sunday and Business Promotion Expenses
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has instructed the Assessing Officer (AO) to restrict the disallowance percentages for aggregate expenditure, conveyance charges, office...
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 1961, stating that income tax cannot be levied on...
![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]")
Business receipt or Unexplained Cash Receipt can be assessed u/s 69 A of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Business receipt or unexplained cash receipt can be assessed u/S 69 A of Income Tax Act 1961. The assesse firm was...
![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]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) delivered a setback to Bajaj Auto by allowing the deduction under Section 80 IA of the Income Tax Act 1961 only after deducting...
![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]")