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Mumbai ITAT Upholds Flexible Set-Off of Business Loss Against Long-Term Capital Gains Under Section 71(2); Validates Strategic Tax Planning Absent Any Statutory Sequence
Priya Kapil Todarwal Vs Income Tax Officer
(2025) TaxCorp(LJ) 36482 (ITAT-MUMBAI)
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Mumbai ITAT Exempts Irish Reinsurer from Indian Taxation: No PE Established, Indian Subsidiary Not a Dependent Agent
RGA International Reinsurance Company Limited Vs DCIT(IT)-4(1)(1)
(2025) TaxCorp(LJ) 36476 (ITAT-MUMBAI)
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Mumbai ITAT Allows Full Depreciation on Office Premises Registered Mid-Year Despite Deferred Payment: Section 32 Revisited
New Rampgreen Technologies Pvt. Ltd Vs ITO
(2025) TaxCorp(LJ) 36474 (ITAT-MUMBAI)
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Mumbai ITAT Sets Aside Section 263 Revision as Assessment Order Against Amalgamating Bank Cannot Prejudice Amalgamated Entity Post-Merger
Union Bank of India Vs DCIT
(2025) TaxCorp(LJ) 36467 (ITAT-MUMBAI) · Section 263
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Mumbai ITAT Affirms Taxpayer’s Right to Opt for Section 115BAC in Current Year Despite Prior Year Denial Due to Procedural Delay
Madan Lachhmandas Asrani Vs ITO
(2025) TaxCorp(LJ) 36466 (ITAT-MUMBAI) · Section 115BAC
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Mumbai ITAT Affirms Disallowance of Loan Interest Deduction Where Interest Charged to Related Parties Was Below Arm’s Length Rate
Jackie Mahesh Vora Vs ACIT
(2025) TaxCorp(LJ) 36465 (ITAT-MUMBAI)
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Mumbai ITAT Upholds Tata Sons’ Right to Section 115BBA Benefit Despite Dispute on Form 10-IC E-Filing Authentication
Tata Sons Pvt. Ltd Vs ACIT-2(3)(1)
(2025) TaxCorp(LJ) 36458 (ITAT-MUMBAI) · Section 115BBA
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Mumbai ITAT Confirms Allowability of ‘Downside on Sale of Flats’ as Business Expenditure: Transactions with Developer Held Genuine under Section 69C
Scal Services Limited Vs ACIT
(2025) TaxCorp(LJ) 36456 (ITAT-MUMBAI) · Section 69C
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Mumbai ITAT Rules Addition under Section 68 Unjustified for LLP Conversion: No Unexplained Credit Attributable to Assessee
NICAF LLP Vs ITO
(2025) TaxCorp(LJ) 36453 (ITAT-MUMBAI) · Section 68
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Mumbai ITAT Clarifies Marriage Gift Exemption: Timing of Credit Not Determinative Under Section 56(2)(vii)
Dhruv Sanjay Gupta Vs Joint Commissioner of Income Tax
(2025) TaxCorp(LJ) 36441 (ITAT-MUMBAI) · Section 56(2)(vii)
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Mumbai ITAT Orders Re-examination of Section 194J TDS Liability on Aircraft Charter Payments; Finds Demand Based Solely on Tax Audit Report Without Proper Inquiry
Bombay Integrated Security (India) Limited Vs The Income Tax Officer
(2025) TaxCorp(LJ) 36440 (ITAT-MUMBAI) · Section 194J
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ITAT Mumbai Rules Full Section 54F Deduction on LTCG from Surrender of Tenancy Rights Where Developer Paid for New Flat
Allauddin Noormohamed Kadiwala Vs ITO
(2025) TaxCorp(LJ) 36438 (ITAT-MUMBAI)
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Mumbai ITAT Upholds Taxability of Deferred Sales Tax Waiver as Revenue Benefit Under Section 28(iv): Assessee’s Appeal Rejected
Oricon Enterprises Ltd Vs DCIT
(2025) TaxCorp(LJ) 35437 (ITAT-MUMBAI) · Section 28(iv)
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Mumbai ITAT Holds That Bajaj Auto's Trade Discounts to Dealers Are Not Commission: No TDS Liability under Section 194H
Bajaj Auto Limited Vs The Deputy Commissioner of Income-tax
(2025) TaxCorp(LJ) 35436 (ITAT-MUMBAI) · Section 40(a)(ia)
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Reassessment Order Quashed by Mumbai ITAT Due to Undated, Factually Incorrect Reasons and Non-Applicability of Section 56(2)(vii)(c) on Pre-Amendment Share Gifts
Prema Mukesh Jhalani Vs ITO
(2025) TaxCorp(LJ) 35431 (ITAT-MUMBAI)
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Mumbai ITAT Quashes Protective Additions for Unexplained Cash Credits and Expenditure in Absence of Direct Evidence—Reiterates No Double Taxation on Same Income
Vinay Ramanlal Shah Vs ACIT
(2025) TaxCorp(LJ) 35430 (ITAT-MUMBAI)
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Mumbai ITAT Rules Additions U/S 153A Invalid Without Incriminating Material Found in Search—Survey Documents on Firm Not Sufficient for Individual’s Assessment
Arun Mohanlal Joshi Vs ACIT
(2025) TaxCorp(LJ) 35424 (ITAT-MUMBAI) · Section 153A
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Mumbai ITAT Orders Reconsideration of Foreign Tax Credit Claim Denied for Delay in Filing Form 67; Holds Requirement as Directory, Not Mandatory
Hirachand Damji Dand Vs ACIT
(2025) TaxCorp(LJ) 35421 (ITAT-MUMBAI)
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Mumbai ITAT Invalidates Reassessment Beyond Three Years as Escaped Income Falls Below ₹50 Lakh Threshold Under Section 149(1)(b)
Ankita Ashok Wairkar Vs ITO
(2025) TaxCorp(LJ) 35420 (ITAT-MUMBAI)
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ITAT Mumbai Rules Exchange Gain on Imported Machinery Forms Part of Asset Cost, Deletes Section 143(1) Adjustment on Section 43A Exemption
Mahakoshal Refractories Private Limited Vs Deputy Commissioner of Income Tax
(2025) TaxCorp(LJ) 35419 (ITAT-MUMBAI) · Section 43A
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