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Landmark Rulings

ITAT Mumbai — Direct Tax

2,417 rulings

  1. ITAT Mumbai · 06 Feb 2025
    Mumbai ITAT Orders Re-computation of Rental Income, Acknowledging Business Expenses

    Janak Texturisers Pvt. Ltd Vs The Income Tax Officer

    (2025) TaxCorp(LJ) 34811 (ITAT-MUMBAI) · Section 57

  2. ITAT Mumbai · 30 Jan 2025
    Mumbai ITAT Overturns TDS Disallowance for Non-Resident Assessee; Confirms Non-Taxability of Foreign Salary Income

    Mridula Jha Jena Vs International Tax

    (2025) TaxCorp(LJ) 34805 (ITAT-MUMBAI) · Section 9(1)(ii)

  3. ITAT Mumbai · 16 Jan 2025
    Quashing of Revisionary Order by Mumbai ITAT: Breach of Natural Justice in Tax Assessment Process

    Maharashtra State Electricity Distribution Co. Ltd Vs The DCIT

    (2025) TaxCorp(LJ) 34800 (ITAT-MUMBAI)

  4. ITAT Mumbai · 24 Jan 2025
    Mumbai ITAT Rules in Favor of Assessee, Nullifies Disallowance Under Section 14A and Clarifies Methodology for Adjustments in Book Profit Computation

    Trent Ltd Vs DCIT

    (2025) TaxCorp(LJ) 34783 (ITAT-MUMBAI) · Section 14A

  5. ITAT Mumbai · 23 Jan 2025
    ITAT - Mumbai ITAT Quashes Notice and Order Due to Lack of Proper Authority’s Sanction

    Surya Ferrous Alloys Pvt. Ltd Vs ACIT

    (2025) TaxCorp(LJ) 34780 (ITAT-MUMBAI) · Section 148

  6. ITAT Mumbai · 29 Jan 2025
    Mumbai ITAT Strikes Down Reassessment Under Section 148 for Failure to Address Assesse's Objections, Violating Established Legal Precedents

    UTI Asset Management Company Limited Vs DCIT

    (2024) TaxCorp(LJ) 34765 (ITAT-MUMBAI)

  7. ITAT Mumbai · 20 Jan 2025
    Mumbai ITAT Rules Transfer Expenses as Deductible in Computation of Capital Gains on Slump Sale: Reassessment of Larsen and Toubro Ltd Overturned

    Larsen and Toubro Ltd Vs DCIT

    (2024) TaxCorp(LJ) 34763 (ITAT-MUMBAI) · Sections 48, 50B

  8. ITAT Mumbai · 15 Jan 2025
    Mumbai ITAT Upholds Section 80IA Deduction on Estimated Market Value of Transport Services Amid Revenue Challenges

    Prism Johnson Limited Vs ACIT

    (2024) TaxCorp(LJ) 34751 (ITAT-MUMBAI) · Section 80IA

  9. ITAT Mumbai · 09 Jan 2025
    Mumbai ITAT Upholds Assessee's DCF Valuation, Rejects AO's Grounds for Disallowance under Section 56(2)(viib)

    Shaha Finlease Private Limited Vs DCIT

    (2024) TaxCorp(LJ) 34747 (ITAT-MUMBAI)

  10. ITAT Mumbai · 08 Jan 2025
    Mumbai ITAT Dismisses Revenue's Appeal as 'Withdrawn' Due to Insignificant Tax Impact Under New CBDT Directives

    Bennett Property Holdings Company Limited Vs Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34744 (ITAT-MUMBAI)

  11. ITAT Mumbai · 08 Jan 2025
    Absence of Subcontractual Obligation Exempts Assessee from TDS Deduction under Section 194C

    Partho Das Vs Income Tax Officer

    (2024) TaxCorp(LJ) 34741 (ITAT-MUMBAI) · Sections 40(a)(ia), 194C

  12. ITAT Mumbai · 09 Jan 2025
    Mumbai ITAT Upholds PCIT's Authority to Initiate Revisionary Proceedings Under Section 263, Citing Inadequate Assessment of Depreciation on Goodwill

    Orion India Systems Private Limited Vs PCIT

    (2024) TaxCorp(LJ) 34739 (ITAT-MUMBAI) · Section 263

  13. ITAT Mumbai · 06 Jan 2025
    Interest Disallowance Under Section 36(1)(iii) Declared Unsustainable by Mumbai ITAT for Lack of Justification

    Sachin Chandru Mirani Vs ACIT

    (2024) TaxCorp(LJ) 34738 (ITAT-MUMBAI) · Section 36(1)(iii)

  14. ITAT Mumbai · 10 Jan 2025
    Reassessment Order Quashed on Grounds of Misalignment with Recorded Reasons

    Magnetic Properties Exim Pvt. Ltd Vs Income Tax Officer

    (2024) TaxCorp(LJ) 34733 (ITAT-MUMBAI)

  15. ITAT Mumbai · 15 Jan 2025
    Mumbai ITAT Clarifies No TDS Liability on Related Party Transactions Involving Non-Convertible Debentures and Interest Rights

    Piramal Capital And Housing Finance Limited Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34731 (ITAT-MUMBAI) · Sections 193, 194A

  16. ITAT Mumbai · 03 Jan 2025
    Mumbai ITAT Nullifies Penalty for Assessee, Upholding the Principle of Good Faith in Tax Compliance

    Chintan Sanjay Shah Vs Assistant Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34728 (ITAT-MUMBAI) · Section 43

  17. ITAT Mumbai · 03 Jan 2025
    Mumbai ITAT Overrules Revenue’s Disallowance of Short-Term Capital Loss in Property Sale Case

    Shivang Arjun Desai Vs Dy.Commissioner of Income-tax

    (2024) TaxCorp(LJ) 34727 (ITAT-MUMBAI)

  18. ITAT Mumbai · 01 Jan 2025
    ITAT Mumbai Rules Favorably for Assessee, Cancels Section 68 Additions of Rs. 1.95 Cr from 23 Lenders, Upholds Interest Claims

    Gauranga Papers LLP Vs Income Tax Officer

    (2024) TaxCorp(LJ) 34725 (ITAT-MUMBAI)

  19. ITAT Mumbai · 01 Jan 2025
    Mumbai ITAT Rules in Favor of Assessee on Capital Gains Taxation, Reinforces Legitimacy of Tax Planning Strategies

    Ranu Vohra Vs ACIT

    (2024) TaxCorp(LJ) 34723 (ITAT-MUMBAI)

  20. ITAT Mumbai · 30 Dec 2024
    ITAT Mumbai Invalidates Reassessment Notice on Non-Existing Entity Following Supreme Court Precedents

    Carron Investment Private Limited Vs DCIT

    (2024) TaxCorp(LJ) 34722 (ITAT-MUMBAI)

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