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-Adherence to Mandate of Section 250(6) of Income Tax Act by CIT(A): ITAT directs for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Mandate-of-Section-Income-Tax-Act-by-CITA-Commissioner-of-Income-Tax-Appeals-ITAT-directs-for-Re-Adjudication-Re-Adjudication-Income-Tax-Act-Income-Tax-Tax-News-TAXSCAN.jpg "Non-Adherence to Mandate of Section 250(6) of Income Tax Act by CIT(A): ITAT directs for Re-Adjudication [Read Order]")
Non-Adherence to Mandate of Section 250(6) of Income Tax Act by CIT(A): ITAT directs for Re-Adjudication [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed re-adjudication and held that there was non-adherence to the mandate of Section...
![Unsold flats categorized as Stock in Trade should be assessed as Business Income, not Income from House Property: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Unsold-flats-Stock-in-Trade-should-be-assessed-as-Business-Income-Income-House-Property-ITAT-Revision-Order-TAXSCAN.jpg "Unsold flats categorized as Stock in Trade should be assessed as Business Income, not Income from House Property: ITAT quashes Revision Order [Read Order]")
![Anonymous Donations received by Trusts carrying on religious and charitable activities approved u/s 10(23C)(v) of Income Tax Act eligible for benefit of exclusion in Section 115BBC(2)(b) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Anonymous-Donations-Donations-Trusts-religious-and-charitable-activities-ITAT-Taxscan.jpg "Anonymous Donations received by Trusts carrying on religious and charitable activities approved u/s 10(23C)(v) of Income Tax Act eligible for benefit of exclusion in Section 115BBC(2)(b) of IT Act: ITAT [Read Order]")
![Cash deposited in name of various proprietorship concerns involving in bogus business activities: ITAT directs to restrict addition to extent of 0.05% of gross total [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Cash-Cash-deposited-bogus-business-activities-Cash-deposited-in-name-of-various-proprietorship-concerns-involving-in-bogus-business-activities-taxscan.jpg "Cash deposited in name of various proprietorship concerns involving in bogus business activities: ITAT directs to restrict addition to extent of 0.05% of gross total [Read Order]")
![Foreign Currency Expenses on Telecom charges and Technical Services outside India included in Export Turnover for Section 10A of Income Tax Act: ITAT grants Relief to Tech Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Foreign-Currency-Expenses-Telecom-charges-Technical-Services-India-included-in-Export-Turnover-Income-Tax-Act-ITAT-Tech-Mahindra-TAXSCAN.jpg "Foreign Currency Expenses on Telecom charges and Technical Services outside India included in Export Turnover for Section 10A of Income Tax Act: ITAT grants Relief to Tech Mahindra [Read Order]")
ITAT Deletes Secondary Adjustment for Upfront Discount Payment by Tech Mahindra to Secure Software and IT Services Contract with Non-Resident Venture Partner [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, deleted the secondary adjustment made towards the upfront discount payment by Tech Mahindra to secure contracts for software and IT services...
![ITAT Deletes Secondary Adjustment for Upfront Discount Payment by Tech Mahindra to Secure Software and IT Services Contract with Non-Resident Venture Partner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Secondary-Adjustment-Discount-Payment-Tech-Mahindra-Secure-Software-IT-Services-Contract-Non-Resident-Venture-Partner-taxscan.jpg "ITAT Deletes Secondary Adjustment for Upfront Discount Payment by Tech Mahindra to Secure Software and IT Services Contract with Non-Resident Venture Partner [Read Order]")
Relief to Tech Mahindra: ITAT directs LIBOR plus 80 Basis points for Interest Rate in determining ALP for Loans borrowed in Foreign Currency [Rad Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, held that the appropriate LIBOR rate should be applied to determine the Arm's Length Price (ALP) for loans borrowed in foreign currency. The...
![Relief to Tech Mahindra: ITAT directs LIBOR plus 80 Basis points for Interest Rate in determining ALP for Loans borrowed in Foreign Currency [Rad Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Tech-Mahindra-ITAT-Directs-LIBOR-plus-80-Points-for-Interest-Rate-ALP-for-Loans-Foreign-Currency-TAXSCAN.jpg "Relief to Tech Mahindra: ITAT directs LIBOR plus 80 Basis points for Interest Rate in determining ALP for Loans borrowed in Foreign Currency [Rad Order]")
Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, while directing the reassessment of the assessee's case, held that the notice for reopening the assessment regarding the issue of capital gains...
![Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Notice-Reopening-Assessment-Capital-Gain-Notice-for-Reopening-Assessment-in-respect-of-issue-of-Capital-Gain-Deceased-Person-ITAT-taxscan.jpg "Notice for Reopening Assessment in respect of issue of Capital Gain issued in name of Deceased Person: ITAT directs re-adjudication [Read Order]")
Relief to Portfolio: ITAT Deletes Income Tax Addition against Consignment Agent on Account of Purchase Return [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to portfolio deleting the income tax addition against the consignment agent on account of purchase return. The assessee,...
![Relief to Portfolio: ITAT Deletes Income Tax Addition against Consignment Agent on Account of Purchase Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Relief-Relief-to-Portfolio-ITAT-Income-Tax-Addition-ITAT-Deletes-Income-Tax-Addition-Consignment-Agent-Purchase-Return-taxscan.jpg "Relief to Portfolio: ITAT Deletes Income Tax Addition against Consignment Agent on Account of Purchase Return [Read Order]")
Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 270A of the Income Tax Act 1961 could not be levied for a bonafide mistake of mere change in the head...
![Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Penalty-Income-Tax-Act-Bonafide-Mistake-Mistake-Income-Tax-Act-cannot-be-Levied-for-Bonafide-Mistake-taxscan.jpg "Penalty u/s 270A of Income Tax Act cannot be Levied for Bonafide Mistake of Mere change in Head of Income while Computing Total Income [Read Order]")
ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench deleted the penalty imposed under Section 271(1)(c) of the Income Tax Act ,1961 on estimated quantum addition based upon information from the...
![ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-deletes-Penalty-imposed-ITAT-deletes-Penalty-imposed-Income-Tax-Act-Estimated-Quantum-Addition-Quantum-Addition-Sales-Tax-Department-Sales-Tax-ITAT-News-Tax-News-Income-Tax-TAXSCAN.jpg "ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]")
Failure of Comparable as chosen by DRP, then same Loses Comparability for determining ALP: ITAT rules in favour of Tata Chemicals [Read Orer]
In a major relief to M/s. Tata Chemicals Ltd, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that on failure of comparable as chosen by the Dispute Resolution Panel (DRP), then...
![Failure of Comparable as chosen by DRP, then same Loses Comparability for determining ALP: ITAT rules in favour of Tata Chemicals [Read Orer]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-Comparable-DRP-Loses-Comparability-determining-ALP-ITAT-Tata-Chemicals-TAXSCAN.jpg "Failure of Comparable as chosen by DRP, then same Loses Comparability for determining ALP: ITAT rules in favour of Tata Chemicals [Read Orer]")