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
![Section 263 cant be invoked when Expenditure incurred on CSR is allowed by AO as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/invoked-Expenditure-incurred-CSR-allowed-AO-Deduction-Income-Tax-Act-ITAT-taxscan.jpg "Section 263 cant be invoked when Expenditure incurred on CSR is allowed by AO as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]")
Section 263 can't be invoked when Expenditure incurred on CSR is allowed by AO as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Section 263 of the Income Tax Act, 1961 cannot be invoked when the expenditure...
![ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Readjudication-deletion-of-Addition-by-CITA-High-Sea-sales-ITAT-taxscan.jpg "ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]")
![Compensation received by Echjay Industries on account of Defective Product cannot be adjusted with WDV of Assets: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Compensation-Echjay-Industries-account-Defective-Product-adjusted-WDV-Assets-ITAT-TAXSCAN.jpg "Compensation received by Echjay Industries on account of Defective Product cannot be adjusted with WDV of Assets: ITAT [Read Order]")
![Disallowance of Expenditure u/s 14A cant be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-of-Expenditure-Income-earning-securities-Stock-in-trade-ITAT-grants-relief-Central-Bank-of-India-taxscan.jpg "Disallowance of Expenditure u/s 14A cant be made when exempt Income-earning securities are held as Stock-in-trade: ITAT grants relief to Central Bank of India [Read Order]")
![Other Method as per Rule 10AB is most appropriate for determining Arms length Price of Royalty Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Other-Method-most-appropriate-determining-Arms-length-Price-Royalty-Transaction-ITAT-most-appropriate-method-for-determining-taxscan.jpg "Other Method as per Rule 10AB is most appropriate for determining Arms length Price of Royalty Transaction: ITAT [Read Order]")
No addition shall be made u/s section 44ADA of Income Tax Act towards Income earned from Business of Consultancy Service: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that no addition should be made under Section 44ADA of the Income Tax Act, 1961 towards the income earned from the business of...
![No addition shall be made u/s section 44ADA of Income Tax Act towards Income earned from Business of Consultancy Service: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-addition-Income-Tax-Act-Income-Business-Consultancy-Service-ITAT-taxscan.jpg "No addition shall be made u/s section 44ADA of Income Tax Act towards Income earned from Business of Consultancy Service: ITAT [Read Order]")
Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), while granting relief to Aditya Birla Nuvo group, held that the investment that had yielded the exempt income shall be considered for the...
![Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Investments-yielded-exempt-Income-considered-for-purpose-of-working-out-Disallowance-ITAT-Aditya-Birla-TAXSCAN.jpg "Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]")
Penalty on Disallowance u/s 24a of Income Tax Act can't be imposed on ground of Wrong treatment to head of Income: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty on disallowance under Section 24a of the Income Tax Act, 1961 cannot be imposed merely on the ground of wrong...
![Penalty on Disallowance u/s 24a of Income Tax Act cant be imposed on ground of Wrong treatment to head of Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Disallowance-Income-Tax-Act-ground-Wrong-treatment-Income-ITAT-TAXSCAN.jpg "Penalty on Disallowance u/s 24a of Income Tax Act cant be imposed on ground of Wrong treatment to head of Income: ITAT [Read Order]")
Penalty u/s 271B of Income Tax Act shall not be imposed unless Assessee has been given a Reasonable Opportunity of being heard: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty under Section 271B of the Income Tax Act, 1961 shall not be imposed unless the assessee has been given a reasonable...
![Penalty u/s 271B of Income Tax Act shall not be imposed unless Assessee has been given a Reasonable Opportunity of being heard: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Income-Tax-Act-Assessee-Reasonable-Opportunity-heard-ITAT-TAXSCAN.jpg "Penalty u/s 271B of Income Tax Act shall not be imposed unless Assessee has been given a Reasonable Opportunity of being heard: ITAT [Read Order]")
Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 68 of the Income Tax Act 1961, and disallowance of Long-term Capital Gains (LCG) the allegation of...
![Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-of-Price-Manipulation-on-Purchase-and-Sale-of-Shares-on-Stock-Exchange-through-SEBI-ITAT-Disallowance-of-Exemption-of-LCG-TAXSCAN.jpg "Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]")
Penalty u/s.271B not Leviable when Assessee engaged in business of trading, financing, reality and commodities had not Maintained Books of Accounts: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 271B of the Income Tax Act 1961, would not be leviable when the assessee engaged in the business of...
![Penalty u/s.271B not Leviable when Assessee engaged in business of trading, financing, reality and commodities had not Maintained Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Penalty-Leviable-Assessee-engaged-business-trading-financing-reality-commodities-Maintained-Books-Accounts-ITAT-TAXSCAN.jpg "Penalty u/s.271B not Leviable when Assessee engaged in business of trading, financing, reality and commodities had not Maintained Books of Accounts: ITAT [Read Order]")
Assessment order does not contain Discussion on Legal aspects Highlighted by PCIT in Notice used u/s 263(1) of Income Tax Act: ITAT Directs Re-Adjudication as to Claim u/s 80IA(4) of Income Tax Act
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed adjudication as to claim under Section 80IA(4) of the Income Tax Act 1961 as the assessment order did not contain discussion on...
