ITAT Mumbai Judgments, Orders & News | Income Tax Appellate Tribunal

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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 based on Information from Investigation Wing of Income Tax Department is Valid: ITAT [Read Order]

Kalyani B. Nair

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) observed that re-assessment based on information from Investigation Wing of Income Tax...

Bringing Evidence on What Basis Income has Escaped and Re-opening of Assessment is Required is...

Section 263 is not a Mechanism available for PCIT for taking Second Opinion: ITAT [Read Order]

Assessment Order Against Dead Person is Invalid: ITAT [Read Order]

NRI’s Income or Deposit in Foreign Bank Account cannot be Taxed in India: ITAT [Read Order]

Addition u/s 153C cannot be made based on Documents found during Survey: ITAT [Read Order]

The Mumbai bench of Income Tax appellate tribunal (ITAT) recently held that addition under section 153C of Income Tax Act 1961 could not be made based on documents found during the survey. Section...

Premium Expenses on FCCB is Revenue Expenditure, Deductible: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Mumbai Bench held that Premium Expenses on Foreign Currency Convertible Bonds ( FCCB ) is Revenue Expenditure and hence is deductible. The assessee,...

Income Tax Penalty u/s 271(1)(c)cannot be Levied based on Information from Outside Agency/ Dept: ITAT [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that income tax penalty under section 271(1)(c) cannot be levied based on Information from outside...

25% of Licence Fee paid by SET to GCC is fair estimate: ITAT clarifies Taxability on Sum received from ICC events in India [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) clarified the taxability of the sum received from ICC events in India and held that 25% of the Licence Fee paid by SET Satellite...

Mere Claim of Interest of Housing Loan in ITR by Son of Assessee Would Not Absolve Capital Gain Tax Liability: ITAT [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that a mere claim of interest on a housing loan in an Income Tax Return (ITR) by the son of the assessee would not absolve...

Revisional Jurisdiction cannot be invoked If AO took Plausible View after making Proper Inquiry: ITAT [Read Order]

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the revisional jurisdiction could not be invoked if the Assessing Officer (AO) had taken a plausible view after making proper...

“Transponder Charges” are not Royalty as Indo-US Treaty, No TDS: ITAT grants relief to Viacom 18 Media [Read Order]

The Income Tax Appellate Tribunal ( ITAT) , Mumbai Bench, has recently, while granting relief to Viacom 18, held that transport charges are not royalty as Indo- US treaty and hence that there is no...

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