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Landmark Rulings

ITAT Mumbai — Direct Tax

2,417 rulings

  1. ITAT Mumbai · 27 Dec 2024
    Mumbai ITAT Rules in Favor of Assessee, Upholds Indexation Benefit for Shares of Foreign Subsidiary

    Aarav Fragrances and Flavors Private Limited Vs Dy. CIT

    (2024) TaxCorp(LJ) 34715 (ITAT-MUMBAI) · Section 48

  2. ITAT Mumbai · 26 Dec 2024
    Mumbai ITAT Quashes Revenue Assessment Order for Non-Compliance with Section 144C(1) in Case of Eligible Non-Resident Assessee

    Hasmukh Dipchand Gardi Vs ACIT

    (2024) TaxCorp(LJ) 34709 (ITAT-MUMBAI)

  3. ITAT Mumbai · 26 Dec 2024
    Mumbai ITAT Upholds Assessee's Appeal, Validates Interest Computation under Section 234B, and Overturns Levy of Rs. 1.65 Lakh

    Oasis Landmarks LLP Vs The Deputy Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34708 (ITAT-MUMBAI) · Sections 143(1), 234B

  4. ITAT Mumbai · 27 Dec 2024
    ITAT Mumbai Remands Case for Fresh Decision on CSR Deductions Under Section 80G

    Mahyco Monsanto Biotech (India) Private Limited Vs DCIT

    (2024) TaxCorp(LJ) 34707 (ITAT-MUMBAI)

  5. ITAT Mumbai · 21 Dec 2024
    Mumbai ITAT Partially Overturns Disallowance Under Section 40(a)(ia) for TDS Non-Deduction on Payments to Maharashtra Government

    Mahaonline Ltd Vs Commissioner of Income Tax

    (2024) TaxCorp(LJ) 34698 (ITAT-MUMBAI) · Section 40(a)(ia)

  6. ITAT Mumbai · 18 Dec 2024
    Mumbai ITAT Renders Landmark Decision, Affirming Depreciation Claim on Goodwill Arising from Amalgamation

    Dow Chemical International Private Ltd. Vs DCIT

    (2024) TaxCorp(LJ) 34695 (ITAT-MUMBAI)

  7. ITAT Mumbai · 18 Dec 2024
    Legal Victory for Assessee: ITAT Mumbai Declares No Interest Liability on Short Deduction of TDS for Initial Months

    The Great Eastern Shipping Co. Ltd Vs DCIT

    (2024) TaxCorp(LJ) 34693 (ITAT-MUMBAI) · Sections 201(1A), 192

  8. ITAT Mumbai · 18 Dec 2024
    Mumbai ITAT Rules Assessee Not Obligated to Deduct TDS under Section 194A, No Penalty for Non-Deduction Noted

    KD Lite Develpers Pvt Ltd Vs DCIT

    (2024) TaxCorp(LJ) 34692 (ITAT-MUMBAI) · Section 194A

  9. ITAT Mumbai · 18 Dec 2024
    Mumbai ITAT Confirms Deduction of Indexed Cost of Interest Amounting to Rs. 3.95 Crores on Borrowed Funds in Long Term Capital Gains Calculation for Property Sale

    Neville Tuli Vs DCIT

    (2024) TaxCorp(LJ) 34690 (ITAT-MUMBAI)

  10. ITAT Mumbai · 16 Dec 2024
    Mumbai ITAT Upholds Assessee's Stand, Dismisses Revenue's Challenge on Rs. 5 Crore Unsecured Loan Disputed under Section 68

    Royal India Corporation Limited Vs DCIT

    (2024) TaxCorp(LJ) 34689 (ITAT-MUMBAI)

  11. ITAT Mumbai · 16 Dec 2024
    Mumbai ITAT Rules on Reopening of Assessment, Emphasizing Necessity of Tangible Evidence

    The Hongkong and Shangai Banking Corporation Limited Vs The DCIT

    (2024) TaxCorp(LJ) 34686 (ITAT-MUMBAI) · Section 147

  12. ITAT Mumbai · 21 Dec 2024
    Mumbai ITAT Rules that Brokers are Not Liable for TDS Deduction under Section 194A

    Anand Rathi Commodities Limited Vs DCIT(TDS)-1(1)

    (2024) TaxCorp(LJ) 34673 (ITAT-MUMBAI) · Section 194A

  13. ITAT Mumbai · 21 Dec 2024
    Mumbai ITAT Rules on Exemption Denial in Charitable Institution's Income

    St. Joseph’s Education and Medical Relief Society Vs Income Tax Officer

    (2024) TaxCorp(LJ) 34672 (ITAT-MUMBAI)

  14. ITAT Mumbai · 02 Jan 2025
    ITAT Mumbai Clears Assessee of Section 43CA Additions, Affirms Stamp Duty Value at Time of Original Agreement

    Arihant Associates Vs The ACIT

    (2024) TaxCorp(LJ) 34667 (ITAT-MUMBAI) · Section 43CA

  15. ITAT Mumbai · 02 Jan 2025
    Mumbai ITAT Rules Management Services by ESAB UK Do Not Constitute Fees for Technical Services under India-UK DTAA

    ESAB Holdings Limited Vs DCIT (IT)- 2(2)

    (2024) TaxCorp(LJ) 34666 (ITAT-MUMBAI)

  16. ITAT Mumbai · 14 Feb 2025
    Mumbai ITAT Rules Out Inclusion of GST in Non-Residents' Presumptive Taxation Under Section 44B

    Orient Overseas Container Line Limited Vs DCIT

    (2024) TaxCorp(LJ) 34665 (ITAT-MUMBAI) · Sections 44B, 145A

  17. ITAT Mumbai · 16 Nov 2024
    Mumbai ITAT Upholds Assessee’s Right to Claim Credit for Brought-Forward TDS of ₹17.50 Lacs from HPCL Despite Revenue Denial

    LEC-TPL UJV Vs THE INCOME TAX OFFICER

    (2024) TaxCorp(LJ) 34663 (ITAT-MUMBAI)

  18. ITAT Mumbai · 16 Nov 2024
    Mumbai ITAT Rules Code Sharing Receipts Exempt from Taxation in India Under India-US DTAA

    Delta Air Lines Inc. Vs ACIT

    (2024) TaxCorp(LJ) 34661 (ITAT-MUMBAI)

  19. ITAT Mumbai · 12 Dec 2024
    Mumbai ITAT Rules on Limitation of Reassessment Notices: Appeals in Favor of Assessee for AYs 2013-14, 2014-15, and 2015-16

    Pushpak Realities Pvt. Ltd Vs ITO

    (2024) TaxCorp(LJ) 34658 (ITAT-MUMBAI)

  20. ITAT Mumbai · 12 Dec 2024
    Mumbai ITAT Determines Long Term Capital Gains from Allotment Date and Grants Deductions under Section 54F Amidst Short Term Capital Gain Dispute

    Sushil P. Shah Vs ITO

    (2024) TaxCorp(LJ) 34657 (ITAT-MUMBAI) · Section 54

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