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
![Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Re-assessment-Order-Issuance-Issuance-of-Notice-Notice-Income-Tax-Act-Income-Tax-Act-is-Invalid-ITAT-taxscan.jpg "Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]")
Re-assessment Order framed without Issuance of Notice u/s 143(2) of Income Tax Act is Invalid: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that re-assessment order framed without issuance of notice under Section...
![ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Unaccounted-Undisclosed-Income-Seized-Loose-Papers-Loose-Papers-Undisclosed-Income-on-the-basis-of-the-Seized-Loose-Papers-ITAT-upholds-Addition-taxscan.jpg "ITAT upholds Addition made u/s 69Â on Unaccounted, Undisclosed Income on the basis of the Seized Loose Papers [Read Order]")
![No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-can-be-made-on-Unexplained-Cash-Credit-Sale-and-Purchase-of-Shares-ITAT-TAXSCAN.jpg "No Addition can be made on Unexplained Cash Credit from Sale and Purchase of Shares: ITAT [Read Order]")
![ITAT quashes Revisional Order Against Lakme [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Revisional-Order-Lakme-Commissioner-of-Income-Tax-taxscan.jpg "ITAT quashes Revisional Order Against Lakme [Read Order]")
![Non-Resident Shareholders not entitled to Lower Tax Rates provided by DTAAs for Dividend Taxation, where DDT is Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Non-Resident-Shareholders-Non-Resident-Shareholders-Lower-Tax-Rates-Tax-Rate-DTAAs-Dividend-Taxation-Taxation-DDT-ITAT-Lower-Tax-Rates-provided-by-DTAAs-Taxscan.jpg "Non-Resident Shareholders not entitled to Lower Tax Rates provided by DTAAs for Dividend Taxation, where DDT is Applicable: ITAT [Read Order]")
AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, while upholding the deletion of additions made under Section 68, held that the A.O shall conduct...
![AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-AO-Third-Party-Commissioner-of-Income-Tax-taxscan.jpg "AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]")
Once Ad-hoc Addition is made and Estimate is reduced by Tribunal, No Penalty on Concealment of Income u/S 271 (1)(c) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench in an appeal filed before it, held that once addition has been made on adhoc and estimate which has been reduced by the tribunal, then no...
![Once Ad-hoc Addition is made and Estimate is reduced by Tribunal, No Penalty on Concealment of Income u/S 271 (1)(c) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Tribunal-Penalty-on-Concealment-of-Income-Penalty-Concealment-of-Income-Income-Tax-Act-ITAT-taxscan.jpg "Once Ad-hoc Addition is made and Estimate is reduced by Tribunal, No Penalty on Concealment of Income u/S 271 (1)(c) of Income Tax Act: ITAT [Read Order]")
Re-computation of Capital Gains on Sale of Shares of Subsidiary Company by Revising Genuine Sale Consideration : ITAT dismisses Appeal
The Mumbai bench of Income Tax Appellate Tribunal (ITAT), while dismissing the appeal filed by the revenue held that re computation of capital gains on sale of shares of subsidiary company by...
ITAT Upholds Determination of ALP on Reimbursement of Third Party Cost Incurred under CUP, Directs Deletion of Proposed Adjustment
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) upheld the determination of Arm’s Length Price (ALP) on reimbursement of third-party costs incurred under Comparable Uncontrolled Price...
ECB Loans to Indian Clients linked to PE in India: ITAT directs Tax Levy at 10% on Interest Income [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that External Commercial Borrowings (ECB) loans to Indian clients linked to PE in India and directed the tax levy at 10% on...
![ECB Loans to Indian Clients linked to PE in India: ITAT directs Tax Levy at 10% on Interest Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-ECB-Tax-Levy-Commissioner-of-Income-Tax-taxscan.jpg "ECB Loans to Indian Clients linked to PE in India: ITAT directs Tax Levy at 10% on Interest Income [Read Order]")
![Revisional Power u/s 263 of Income Tax Act cannot be used to Reopen Assessment: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revisional-Power-Income-Tax-Act-Reopen-Assessment-ITAT-Assessment-appeal-taxscan.jpg "Revisional Power u/s 263 of Income Tax Act cannot be used to Reopen Assessment: ITAT allows Appeal [Read Order]")
Addition made on Foreign Travelling Expenses of Non-Resident Indian Director for Looking Affairs of Company Shall not be disallowed: ITAT sets aside Order
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that addition made on foreign travelling expenses of non-resident Indian directors for looking at affairs of company should...
