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Landmark Rulings

ITAT Mumbai — Direct Tax

2,416 rulings

  1. ITAT Mumbai · 15 Jul 2026
    ITAT Mumbai Quashes Bogus Purchase Addition Due to Lack of Concrete Evidence Against Assessee

    Pratibha Kalpesh Jadhav Vs ITO

    (2026) TaxCorp(LJ) 38298 (ITAT-MUMBAI)

  2. ITAT Mumbai · 15 Jul 2026
    Mumbai ITAT Confirms Immediate Deductibility of NCD Discount as Revenue Expenditure, Rejects Revenue’s Amortisation Demand

    Anand Rathi Global Finance Limited Vs DCIT

    (2026) TaxCorp(LJ) 38297 (ITAT-MUMBAI)

  3. ITAT Mumbai · 04 Jul 2026
    Mumbai ITAT Affirms Professional Nature of Consultancy Fees to Academic Expert; Upholds Full Taxability of LLP Remuneration in Partner’s Hands

    Vidhya Vivek Padgaonkar Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38291 (ITAT-MUMBAI) · Sections 44ADA, 194J

  4. ITAT Mumbai · 04 Jul 2026
    Mumbai ITAT Affirms Exemption of Inland Haul Charges Under Article 8 of India-China DTAA—Composite Transportation Activity Recognized

    COSCO Container Lines Vs DCIT

    (2026) TaxCorp(LJ) 38288 (ITAT-MUMBAI)

  5. ITAT Mumbai · 02 Jul 2026
    Mumbai ITAT Quashes Arbitrary 15% Addition on Demonetisation Cash Sales, Affirms Sales Duly Recorded in VAT Returns Cannot Be Treated as Unexplained Deposits without Books Rejection

    Mangilal Nemichand Jain Vs ITO

    (2026) TaxCorp(LJ) 38285 (ITAT-MUMBAI) · Section 68

  6. ITAT Mumbai · 02 Jul 2026
    Mumbai ITAT Holds No Disallowance Under Section 14A Where No Expenditure Claimed: Presumptive Taxation under Section 44AD Precludes Hypothetical Additions

    Prem Nandkumar Kalati Vs DCIT

    (2026) TaxCorp(LJ) 38280 (ITAT-MUMBAI) · Section 14A

  7. ITAT Mumbai · 29 Jun 2026
    Mumbai ITAT Rules Stamp Duty Value on Allotment Date to Apply for Section 56(2)(x) in Flat Purchase Despite Later Area Increase

    Bhagwatilal Bhimshankar Joshi Vs ITO

    (2026) TaxCorp(LJ) 38271 (ITAT-MUMBAI) · Section 56(2)(x)

  8. ITAT Mumbai · 29 Jun 2026
    ITAT Mumbai Quashes Section 69A Addition for Cash Deposits Linked to Regular Business Activity: Relief for Onion & Potato Commission Agent Facing Medical Hardship

    Somnath Janardan Waman Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38270 (ITAT-MUMBAI) · Sections 44AD, 69A

  9. ITAT Mumbai · 29 Jun 2026
    Mumbai ITAT Quashes Section 271AA Penalty on Posco Holdings Inc.; Restricts CIT(A) from Expanding Penalty Scope to Unexamined Transactions

    Posco Holdings Inc Vs DCIT

    (2026) TaxCorp(LJ) 38268 (ITAT-MUMBAI) · Section 271AA

  10. ITAT Mumbai · 29 Jun 2026
    Mumbai ITAT Declares Interest Earned on Nostro Accounts and Intra-Bank Placements as Non-Taxable for Barclays Bank PLC; Clarifies Scope of Section 9(1)(v)(c) on Overseas Interest

    Barclays Bank PLC Vs Addl. CIT

    (2026) TaxCorp(LJ) 38263 (ITAT-MUMBAI)

  11. ITAT Mumbai · 25 Jun 2026
    Borrowed Services from McKinsey & Company Lme Not Taxable as FTS or Business Profits in Absence of Permanent Establishment under India-UK DTAA

    Mckinsey & Company Lme Limited Vs Assistant Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38255 (ITAT-MUMBAI)

  12. ITAT Mumbai · 25 Jun 2026
    Mumbai ITAT Deletes Section 69A Addition for Demonetisation Cash Deposit, Accepts Milk Sales and Opening Cash as Legitimate Source

    Pushpavati Janardhan Rao Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38251 (ITAT-MUMBAI) · Section 69A

  13. ITAT Mumbai · 25 Jun 2026
    ITAT Mumbai Affirms Allowability of Business Expenditure Despite Erroneous Classification; Disallows Selective Section 145A Adjustment on Excise Duty in Siemens Limited Case

    Siemens Limited Vs DCIT

    (2026) TaxCorp(LJ) 38250 (ITAT-MUMBAI) · Section 145A

  14. ITAT Mumbai · 25 Jun 2026
    Mumbai ITAT Disallows Section 68 Addition: No Fresh Cash Infusion in Group Cheque Rotation; Double Taxation Barred on Settled Accommodation Entry

    Madhuban Motors Private Limited Vs The ACIT

    (2026) TaxCorp(LJ) 38248 (ITAT-MUMBAI) · Section 68

  15. ITAT Mumbai · 20 Jun 2026
    Mumbai ITAT Overturns CIT(E)’s Denial of Section 12AB Registration: Delay in Form No. 10AB and Memorandum Amendments Not Sufficient Grounds

    Inspira Global Foundation Vs CIT(Exemptions)

    (2026) TaxCorp(LJ) 38239 (ITAT-MUMBAI)

  16. ITAT Mumbai · 22 Jun 2026
    Mumbai ITAT Confirms Section 54 Exemption for Investment in Under-Construction Flat Despite Non-Receipt of Possession Due to Builder Delay

    Vaibhav Vijay Sawant Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38230 (ITAT-MUMBAI) · Section 54

  17. ITAT Mumbai · 18 Jun 2026
    Mumbai ITAT Recognizes Toll Collection Concession as Intangible Asset, Permits Depreciation under Section 32(1)(ii)

    Jorabat Shillong Expressway Vs Dy.CIT

    (2026) TaxCorp(LJ) 38222 (ITAT-MUMBAI) · Section 32(1)(ii)

  18. ITAT Mumbai · 18 Jun 2026
    Mumbai ITAT Rules in Favour of Assessee: Addition under Section 57(iii) Disallowed as Entire Borrowed Funds Were Utilized for Generating Taxable Interest Income

    Sachin Lalit Bajla Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38219 (ITAT-MUMBAI) · Section 57(iii)

  19. ITAT Mumbai · 14 Jun 2026
    Mumbai ITAT Nullifies Section 200A Demand for Short TDS Deduction Linked to Seller’s PAN Inoperability, Citing Timely PAN Regularization and Tax Payment by Seller

    Bela Rohit Shah Vs Asst. Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38206 (ITAT-MUMBAI) · Section 206AA

  20. ITAT Mumbai · 27 Jun 2026
    Mumbai ITAT Rules Stamp Duty Valuation Alone Insufficient to Invoke Section 69B for Undisclosed Investment Against Company-Purchaser

    Yellow Banana Food Company Private Limited Vs Deputy Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38202 (ITAT-MUMBAI) · Section 69B

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