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Mumbai ITAT Allows Deduction of Abandoned Project Expenditure as Revenue Expense, Emphasizes Nature over Accounting Treatment
Intermarket India Private Limited Vs DCIT
(2026) TaxCorp(LJ) 38766 (ITAT-MUMBAI)
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Mumbai ITAT Upholds Genuine Charitable Nature of NSE Investor Protection Fund Trust; Sets Aside Rejection of Section 12AB and 80G(5) Applications
National Stock Exchange Investor Protection Fund Trust Vs CIT
(2026) TaxCorp(LJ) 38765 (ITAT-MUMBAI)
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Mumbai ITAT Rules Disallowance under Section 14A Unjustified Without Actual Exempt Income, Rejects Revenue’s Appeal
Ajit Kumar Resolution Professional Of Eskay Knit (India) Vs DCIT
(2026) TaxCorp(LJ) 38762 (ITAT-MUMBAI) · Section 14
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Mumbai ITAT Rules in Favour of Trust: Renewal Under Section 12AB Cannot Be Denied Solely for Want of Formal Trust Deed Where Existence and Charitable Nature are Evidenced
St. Ignatius Church Vs CIT
(2026) TaxCorp(LJ) 38759 (ITAT-MUMBAI) · Section 12AB
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Mumbai ITAT Upholds AO’s Power to Recharacterize Asset Classification: Loss on Flats Treated as Capital Loss, Not Business Loss, Due to Accounting Inconsistencies
Glittering Apartments Private Limited Vs Commissioner of Income Tax
(2026) TaxCorp(LJ) 38758 (ITAT-MUMBAI)
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Mumbai ITAT Clarifies Full Deduction for R&D Building Construction Under Section 35(1)(iv): Capital Expenditure of Rs. 1.12 Crore Allowed for Scientific Research
Bhansali Engineering Polymers Limited Vs DCIT
(2026) TaxCorp(LJ) 38757 (ITAT-MUMBAI) · Section 35
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Mumbai ITAT Rules Diamond Grading Fees to Non-Residents Not Taxable as FTS; No TDS Obligation under Section 195
Hari Krishna Exports Private Limited Vs ITO
(2026) TaxCorp(LJ) 38756 (ITAT-MUMBAI) · Section 201(1)
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Section 68 Addition Unwarranted Where Partners’ Capital Credit Represents Firm’s Disclosed Net Profit; Double Taxation Not Permissible
Arun Udyoga Mansarover Rameshwarm Parisar Vs ACIT
(2026) TaxCorp(LJ) 38753 (ITAT-MUMBAI) · Section 68
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Mumbai ITAT Nullifies Section 56(2)(vii)(b) Addition for Co-owner, Upholds DVO Valuation Consistency in Joint Property Purchase
Archana Santosh Pandey Vs ITO
(2026) TaxCorp(LJ) 38752 (ITAT-MUMBAI) · Section 56(2)(vii)(b)
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Mumbai ITAT Affirms Reopening under Section 148 Based on Entry Operator Report; Upholds Addition under Section 68 for Unexplained Unsecured Loan
Manav Developers Vs Income Tax Officer
(2026) TaxCorp(LJ) 38750 (ITAT-MUMBAI)
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Mumbai ITAT Nullifies Addition Stemming from Invalid Section 263 Revision; Consequential Assessment Under Section 143(3) Falls with Quashed Revisional Order
DBL Tikamgarh Nowgaon Toolways Private Limited Vs Assistant Commissioner of Income Tax
(2026) TaxCorp(LJ) 38744 (ITAT-MUMBAI) · Section 263
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Mumbai ITAT Rules BookMyShow’s Retention of Convenience Fee Not Commission—No TDS Liability for PVR INOX under Section 194H
PVR INOX Limited Vs Deputy Commissioner of Income Tax
(2026) TaxCorp(LJ) 38742 (ITAT-MUMBAI) · Section 194H
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Mumbai ITAT Bars Appeal by Ex-Director Due to Delay and Lack of Locus Standi in Absence of Personal Liability Order
Uday Nagpure Vs Commissioner of Income Tax
(2026) TaxCorp(LJ) 38739 (ITAT-MUMBAI)
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Mumbai ITAT Restricts Penalty on Non-Resident for Interest Income Non-Disclosure to 50%; Finds No Evidence of Deliberate Misreporting
Tasneem Feroz Nalwalla Vs ITO
(2026) TaxCorp(LJ) 38737 (ITAT-MUMBAI) · Section 270A
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Mumbai ITAT Disallows Rs. 49.69 Lakh as Cost of Improvement: Expenditure Not Qualifying as Capital Addition or Alteration under Section 55(1)(b)
Manju Paras Porwal Vs Deputy Commissioner Income Tax
(2026) TaxCorp(LJ) 38733 (ITAT-MUMBAI) · Section 55(1)(b)
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Mumbai ITAT Sends Back Tata Communications TDS Dispute for Fresh AO Scrutiny Citing Inadequate Audit Report Disclosure on Year-End Provisions
Tata Communications Transformation Services Limited Vs DCIT
(2026) TaxCorp(LJ) 38732 (ITAT-MUMBAI)
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No Penalty for Debatable Legal Claim on Negative Net Worth in Slump Sale—Full Disclosure by Assessee Prevails
Suresh Amrutrao Chavan Vs ITO
(2026) TaxCorp(LJ) 38731 (ITAT-MUMBAI) · Sections 50B, 271(1)(c)
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Mumbai ITAT Special Bench Rules MEIS Incentives as Taxable Revenue Receipts, Rejects Capital Receipt Claim
Aarti Drugs Ltd Vs Dy. Commissioner of Income Tax
(2026) TaxCorp(LJ) 38728 (ITAT-MUMBAI) · Section 2(24)(xviii)
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Mumbai ITAT Validates Set-Off of Current Year’s Business Loss Against Long-Term Capital Gains on Property Sale under Section 71(2)
R M Bhuther And Co. Vs DCIT
(2026) TaxCorp(LJ) 38727 (ITAT-MUMBAI) · Section 71(2)
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ITAT Mumbai Rules Reimbursement for Foreign Travel via Spouse’s Credit Card as Legitimate Business Expenditure; Deletes Rs. 6.42 Lakh Disallowance
Chirag Anil Shah Vs Assistant Commissioner of Income Tax
(2026) TaxCorp(LJ) 38725 (ITAT-MUMBAI)
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