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
![Seized Excel Sheet Not Prepared by Taxpayer, Not Credible: ITAT Deletes ₹35 Lakh Unexplained Investment Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/14/2105196-whatsapp-image-2025-11-14-at-15517-pm.webp "Seized Excel Sheet Not Prepared by Taxpayer, Not Credible: ITAT Deletes ₹35 Lakh Unexplained Investment Addition [Read Order]")
Seized Excel Sheet Not Prepared by Taxpayer, Not Credible: ITAT Deletes ₹35 Lakh Unexplained Investment Addition [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) deleted ₹35 Lakh addition under section 69A/69B for alleged unaccounted land investment...
![Cash Found in Locker During Search belongs to Entire Family, Not Solely belongs to Taxpayer: ITAT deletes Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/2104854-cash-found-locker-entire-family-taxpayer-itat-taxscan.webp "Cash Found in Locker During Search belongs to Entire Family, Not Solely belongs to Taxpayer: ITAT deletes Addition u/s 69A [Read Order]")
![Gold Jewellery Belongs to Wife and Mother and within Permissible Limits Set by CBDT: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/13/2104755-gold-jewellery-taxscan.webp "Gold Jewellery Belongs to Wife and Mother and within Permissible Limits Set by CBDT: ITAT Deletes Addition [Read Order]")
![Assessee’s POCM Accounting Complies with ICAI Guidance Note for Real Estate Projects: ITAT Deletes ₹47.26 Crore Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/2104479-pocm-icai-real-estate-projects-itat-pocm-accounting-complies-taxscan.webp "Assessee’s POCM Accounting Complies with ICAI Guidance Note for Real Estate Projects: ITAT Deletes ₹47.26 Crore Addition [Read Order]")
![Licence to use Software Not an Enduring Benefit: ITAT Treats Software Licence Fees as Revenue Expenditure in DSP Merrill Lynch Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/2104478-revenue-expenditure-licence-to-use-software-merrill-lynch-case-taxscan.webp "Licence to use Software Not an Enduring Benefit: ITAT Treats Software Licence Fees as Revenue Expenditure in DSP Merrill Lynch Case [Read Order]")
ITC under VAT cannot be Considered as Income Unless Claimed as Expenditure in P&L Account: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of the VAT ( Value Added Tax ) input tax credit addition of ₹96.21 lakh, ruling that it does not constitute income...
![ITC under VAT cannot be Considered as Income Unless Claimed as Expenditure in P&L Account: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/2104464-itc-vat-pl-account-itat-expenditure-in-pl-account-taxscan.webp "ITC under VAT cannot be Considered as Income Unless Claimed as Expenditure in P&L Account: ITAT [Read Order]")
Estimated Profit Addition Not a Ground for Penalty: ITAT Deletes ₹42.68 Lakh Levy u/s 271(1)(c) [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) in a recent case has deleted ₹42.68 Lakh under section 271(1)(c) as the mere estimation of profit is not a ground for penalty. The...
![Estimated Profit Addition Not a Ground for Penalty: ITAT Deletes ₹42.68 Lakh Levy u/s 271(1)(c) [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/2104454-no-penalty-taxscan.webp "Estimated Profit Addition Not a Ground for Penalty: ITAT Deletes ₹42.68 Lakh Levy u/s 271(1)(c) [Read Order]")
Joint Purchase with Son-in-Law Does Not Bar Full Deduction u/s 54: ITAT Allows ₹3.67 Cr Exemption [Read Order]
In a dispute over the quantum of deduction under Section 54 of the Income Tax Act, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeal challenging the relief ...
![Joint Purchase with Son-in-Law Does Not Bar Full Deduction u/s 54: ITAT Allows ₹3.67 Cr Exemption [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/2104639-joint-purchase-full-deduction-itat-exemption-taxscan.webp "Joint Purchase with Son-in-Law Does Not Bar Full Deduction u/s 54: ITAT Allows ₹3.67 Cr Exemption [Read Order]")
Overseas Advisory Services Rendered from India: ITAT Restores Deduction u/s 80-O, Partly allows Appeal of DSP Merrill Lynch
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that professional and technical advisory services rendered by DSP Merrill Lynch Ltd from India to foreign clients in connection ...
Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holiday's Case [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench has upheld the principle that revenue from vacation ownership membership fees should be recognised in alignment with the period over which ...
![Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holidays Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/2104172-revenue-recognition-club-membership-fees-membership-fees-taxscan.webp "Revenue Recognition on Club Membership Fees Must Match Service Period: ITAT in Sterling Holidays Case [Read Order]")
Revenue Recognition under POCM Upheld for Vacation Ownership Plans: ITAT Partly Allows Sterling Holiday’s Appeal [Read Order]
In a recent ruling for the hospitality and vacation ownership sector, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld Sterling Holiday Resorts Ltd.’s use of the Percentage...
![Revenue Recognition under POCM Upheld for Vacation Ownership Plans: ITAT Partly Allows Sterling Holiday’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/2104166-appeal-holidays-taxscan.webp "Revenue Recognition under POCM Upheld for Vacation Ownership Plans: ITAT Partly Allows Sterling Holiday’s Appeal [Read Order]")
ITAT grants Delta Air Lines Inc. exemption under Article 8 of India-USA DTAA for Code Sharing Transportation [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) granted Delta Air Lines Inc. tax exemption on the income earned through Code Sharing arrangements and use of third-party aircraft under...
![ITAT grants Delta Air Lines Inc. exemption under Article 8 of India-USA DTAA for Code Sharing Transportation [Read Order]](https://images.taxscan.in/h-upload/2025/11/11/2104254-itat-delta-air-lines-inc-india-usa-dtaa-sharing-transportation-taxscan.webp "ITAT grants Delta Air Lines Inc. exemption under Article 8 of India-USA DTAA for Code Sharing Transportation [Read Order]")