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
![TATA Trust Allowed to Carry Forward of Deficit from Excess Charitable Expenditure for Set-Off in Subsequent Years: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/500x300_2101954-tata-trust-carry-forward-charitable-expenditure-itat-taxscan.webp "TATA Trust Allowed to Carry Forward of Deficit from Excess Charitable Expenditure for Set-Off in Subsequent Years: ITAT [Read Order]")
TATA Trust Allowed to Carry Forward of Deficit from Excess Charitable Expenditure for Set-Off in Subsequent Years: ITAT [Read Order]
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) held that a charitable trust can carry forward and set off the deficit resulting from...
![ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]](https://images.taxscan.in/h-upload/2025/11/03/250x150_2101772-itat-netflix-tp-taxscan.webp "ITAT Deletes ₹444 Crore TP Adjustment on Netflix India, Rules Company is a Limited-Risk Distributor [Read Order]")
![Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101470-itat-mumbai-sidbi-itat-computation-of-deduction-taxscan.webp "Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]")
![AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101461-proper-satisfaction-itat-disallowance-sidbis-sidbis-calculation-itat-restricts-disallowance-taxscan.webp "AO Failed to Record Proper Satisfaction to Invoke R. 8D: ITAT Restricts Disallowance to SIDBIs Calculation [Read Order]")
![No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/250x150_2101457-itat-mumbai-sidbi-bad-debts-taxscan.webp "No Duplication of Claim with S. 36(1)(viia) Provision: ITAT Upholds Deletion of Bad Debts Addition for SIDBI [Read Order]")
Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of Goldman Sachs (Singapore) Pte., allowing the carry forward of short-term capital losses (STCL) incurred in AY...
![Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101384-goldman-sachs-taxscan.webp "Carry Forward of STCL allowed Despite Treaty-Exempt Gains: ITAT Mumbai Rules in Favour of Goldman Sachs (Singapore) Pte [Read Order]")
NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT recently held that the National Payments Corporation of India (NPCI) qualifies as a charitable entity as it is engaged in the advancement...
![NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101306-npci-itat-mumbai-general-public-utility-income-tax-taxscan.webp "NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]")
Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted partial relief to Warner Bros Distributing Inc. in a case concerning the taxability of its film distribution income and interest...
![Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]](https://images.taxscan.in/h-upload/2025/10/31/500x300_2101345-relief-for-warner-bros-warner-bros-itat-distribution-income-india-us-dtaa-taxscan-.webp "Relief for Warner Bros: ITAT Rules Film Distribution Income Not ‘Royalty’ Under India-US DTAA [Read Order]")
![Double Taxation: ITAT Deletes ₹19.03 Lakh Addition u/s 68 on Recorded Sales Receipts [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100849-itat-mumbai-double-taxation-sales-receipts-taxscan.webp "Double Taxation: ITAT Deletes ₹19.03 Lakh Addition u/s 68 on Recorded Sales Receipts [Read Order]")
Exemption u/s 10(25)(ii) Denied for Filing Return in Wrong Form: ITAT says it’s Procedural Lapse, Restores Matter to AO [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) restored matter to the Assessing Officer (AO) after holding that denial of exemption under Section 10(25)(ii) merely due to filing the ...
![Exemption u/s 10(25)(ii) Denied for Filing Return in Wrong Form: ITAT says it’s Procedural Lapse, Restores Matter to AO [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100857-exemption-filing-return-in-wrong-form-itat-procedural-lapse-restores-matter-taxscan.webp "Exemption u/s 10(25)(ii) Denied for Filing Return in Wrong Form: ITAT says it’s Procedural Lapse, Restores Matter to AO [Read Order]")
Ad Hoc 10% TP Adjustment on Technical Services Deleted: ITAT Holds Adjustment Unsustainable, Methodologically Invalid [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) Mumbai has struck down the 10% ad hoc transfer pricing (TP) adjustment made on Siemens AG’s technical service transactions with Indian ...
![Ad Hoc 10% TP Adjustment on Technical Services Deleted: ITAT Holds Adjustment Unsustainable, Methodologically Invalid [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100773-technical-services-itat-methodologically-invalid-adjustment-unsustainable-taxscan.webp "Ad Hoc 10% TP Adjustment on Technical Services Deleted: ITAT Holds Adjustment Unsustainable, Methodologically Invalid [Read Order]")
Offshore Supply and AOP Allegation in Power Grid Contracts: ITAT Finds No AOP, Rules Offshore Income Not Taxable in India [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that Siemens AG’s offshore supply income under contracts with Power Grid Corporation of India Ltd. (PGCIL) is not taxable in...
![Offshore Supply and AOP Allegation in Power Grid Contracts: ITAT Finds No AOP, Rules Offshore Income Not Taxable in India [Read Order]](https://images.taxscan.in/h-upload/2025/10/29/500x300_2100800-itat-mumbai-offshore-supply-and-aop-allegation-taxscan.webp "Offshore Supply and AOP Allegation in Power Grid Contracts: ITAT Finds No AOP, Rules Offshore Income Not Taxable in India [Read Order]")