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
![No Addition of Notional Income from Vacant Flats held as Stock-in-Trade by Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Notional-Income-Vacant-Flats-Stock-in-Trade-Builder-ITAT-Income-Tax-Notional-Income-from-Vacant-Flats-taxscan.jpg "No Addition of Notional Income from Vacant Flats held as Stock-in-Trade by Builder: ITAT [Read Order]")
No Addition of Notional Income from Vacant Flats held as Stock-in-Trade by Builder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that no addition of notional income can be...
![No TDS on Software Trading If Sales Tax is Already Remitted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-on-Software-Trading-TDS-Sales-Tax-ITAT-Income-Tax-taxscan.jpg "No TDS on Software Trading If Sales Tax is Already Remitted: ITAT [Read Order]")
![Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Revision-Jurisdiction-Conjectures-Suspicions-ITAT-Income-Tax-Tax-Taxscan.jpg "Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]")
![Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Branding-Expenses-Start-Up-Commencement-of-Business-Business-Loss-ITAT-Income-Tax-taxscan-.jpg "Branding Expenses by Start-Up before Commencement of Business constitute “Business Loss”: ITAT [Read Order]")
![Interest on House Loan Deductible: ITAT allows Carry Forward of Loss of Rental Income Against “Other Income” [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-on-House-Loan-Interest-House-Loan-ITAT-Rental-Income-Other-Income-Income-Tax-Tax-taxscan.jpg "Interest on House Loan Deductible: ITAT allows Carry Forward of Loss of Rental Income Against “Other Income” [Read Order]")
Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that defect in statutory notice in not striking out of irrelevant ground vitiates penalty...
![Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Statutory-Notice-Penalty-Proceedings-ITAT-Penalty-income-tax-taxscan.jpg "Defect in Statutory Notice in Not Striking Out of Irrelevant Ground Vitiates Penalty Proceedings: ITAT [Read Order]")
Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that mere delay in filing form no.6 u/r 128 (9), is not a ground to deny foreign tax credit. ...
![Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Delay-in-Filing-Form-No.-67-Filing-Form-No.-67-Foreign-Tax-Credit-ITAT-taxscan.jpg "Mere Delay in Filing Form No. 67 U/R 128(9) not a Ground to Deny Foreign Tax Credit: ITAT [Read Order]")
![Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Security-Charges-TDS-Income-Tax-Act-ITAT-TAXSCAN-1.jpg "Security Charges Not subject to TDS u/s 194C of Income Tax Act: ITAT [Read Order]")
Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) removed the Assessing Officer's addition and determined that the sum given to the LLP partner from the remaining Accumulated Profits due...
![Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/LLP-Accumulated-Profits-Taxable-Capital-Gain-S47xiiibf-ITAT-TAXSCAN.jpg "Amount paid to Partner of LLP out of balance of Accumulated Profits due to Commercial Expediency Not Taxable as “Capital Gain”, No violation of S. 47(xiiib)(f): ITAT [Read Order]")
AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Advertising Marketing and Promotion (AMP) Expenditure is not an International Transaction and thereby ruled in favour of M/s...
![AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AMP-AMP-Expenditure-International-Transaction-Mattel-Toys-Mattel-Toys-India-Taxscan.jpg "AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]")
![Compensation received for Non-Performance of Obligation by DDA is Capital Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Compensation-DDA-Capital-Receipt-ITAT-Income-tax-tax-taxscan.jpg "Compensation received for Non-Performance of Obligation by DDA is Capital Receipt: ITAT [Read Order]")
Payments to Vendors for Procuring Goods including Clothes & Footwear are Not “Works Contract”, No TDS: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no Tax Deducted at Source (TDS) shall be deducted as payment to vendors for procuring goods including cloths and footwears...
![Payments to Vendors for Procuring Goods including Clothes & Footwear are Not “Works Contract”, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Payments-Payments-to-Vendors-Procuring-Goods-Clothes-and-Footwear-Works-Contract-TDS-ITAT-taxscan.jpg "Payments to Vendors for Procuring Goods including Clothes & Footwear are Not “Works Contract”, No TDS: ITAT [Read Order]")