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
![SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/SOP-Guidelines-SOP-CBDT-Unlisted-Scrips-ITAT-Revision-Order-Income-Tax-Tax-Taxscan.jpg "SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]")
SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while quashing the revision order observed that Standard Operating Procedures guidelines...
![Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Vehicles-Plant-and-Machinery-ITAT-Depreciation-Hired-Cars-Taxscan.jpg "Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]")
![Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Business-Profits-ITAT-Addition-TAXSCAN.jpg "Business Profits of Current Year accrue only at the Year End: ITAT deletes Addition u/s 2(22)(e) [Read Order]")
![Assessment Order Not Complying with Procedure u/s 144B is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessment-Order-Invalid-ITAT-TAXSCAN.jpg "Assessment Order Not Complying with Procedure u/s 144B is Invalid: ITAT [Read Order]")
![‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Market-to-Market-Loss-Forex-Business-Notional-Loss-Expenditure-ITAT-TAXSCAN.jpg "‘Market to Market Loss’ in Forex Business is Not Notional Loss, Allowable as Expenditure: ITAT [Read Order]")
![Trust Not Eligible for S. 12AB Registration under Pre-Amended Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Trust-Registration-Pre-Amended-Deed-ITAT-Pre-Amended-Deed-Income-Tax-Taxscan-.jpg "Trust Not Eligible for S. 12AB Registration under Pre-Amended Deed: ITAT [Read Order]")
Relief to Linklaters LLP: Remuneration received by Law Firm for Providing Legal Services Not Taxable as “FTS” as per Indo-UK Treaty, rules ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal ( ITAT ) while providing relief to Linklaters LLP ruled that remuneration received by a law firm for providing legal services is not taxable as Fee for...
![Relief to Linklaters LLP: Remuneration received by Law Firm for Providing Legal Services Not Taxable as “FTS” as per Indo-UK Treaty, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Linklaters-LLP-Remuneration-Law-Firm-Legal-Services-Law-Firm-for-Providing-Legal-Services-FTS-Indo-UK-Treaty-ITAT-Taxscan.jpg "Relief to Linklaters LLP: Remuneration received by Law Firm for Providing Legal Services Not Taxable as “FTS” as per Indo-UK Treaty, rules ITAT [Read Order]")
Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]
The Mumbai Income Tax Appellate Tribunal (ITAT)has recently while deleting additions made under section 153C of Income Tax Act 1961 observed that Information relied upon by the assessing officer did...
![Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Information-AO-Search-Conducted-ITAT-TAXSCAN.jpg "Information relied upon by AO does not have any bearing to Search Conducted: ITAT deletes S. 153C Addition [Read Order]")
Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) invalidated the Income Tax proceedings against the deceased person. The death of assessee has not been communicated to the...
![Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-proceedings-Income-Tax-Tax-ITAT-Re-Adjudication-Aware-of-Death-Taxscan.jpg "Income Tax proceedings Against Dead Person Invalid: ITAT directs Re-Adjudication as AO was Not Aware of Death of Assessee [Read Order]")
Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]
The Mumbai Income Tax Appellate Tribunal ITAT has recently held that lease rental income earned from associated enterprises has no royalty as per Indo-US Direct Tax Avoidance Agreement (DTAA). ...
![Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Rental-Income-Associated-Enterprises-Royalty-Indo-US-DTAA-ITAT-TAXSCAN.jpg "Lease Rental Income earned from Associated Enterprises Not “Royalty” as per Indo-US DTAA: ITAT [Read Order]")
![AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Cash-Sales-ITAT-taxscan.jpg "AO failed to Produce Evidence for Cash Sales: ITAT deletes Addition [Read Order]")
Revisional Jurisdiction cannot be Invoked If AO took one of the Possible Views of the Matter: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) recently held that the revisional jurisdiction cannot be invoked if the assessing officer took one of the possible views of the matter. The...
![Revisional Jurisdiction cannot be Invoked If AO took one of the Possible Views of the Matter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Revisional-Jurisdiction-AO-ITAT-TAXSCAN.jpg "Revisional Jurisdiction cannot be Invoked If AO took one of the Possible Views of the Matter: ITAT [Read Order]")