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Mumbai ITAT Confirms Section 44C Cap on NRI Desk Expenses for Bank of Bahrain; Disallows Full Deduction Under Section 37(1) by Treating Overheads as Head Office Expenditure
Bank Of Bahrain & Kuwait B.S.C. Vs The ACIT
(2026) TaxCorp(LJ) 38568 (ITAT-MUMBAI) · Section 44C
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ITAT Mumbai Rules Sponsorship Receipts from "Pinkathon" Not Taxable as Business Income: Charitable Nature Upheld Despite Magnitude of Funds and Promotional Benefits
United Sisters Foundation Vs ITO
(2026) TaxCorp(LJ) 38569 (ITAT-MUMBAI) · Section 13(8)
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Mumbai ITAT Nullifies Penalty for Non-Compliance with Section 44AB, Recognizes Bona Fide Belief Regarding GST Exclusion from Turnover Threshold
Manish Pushkar Dayal Singhal Vs ITO
(2026) TaxCorp(LJ) 38570 (ITAT-MUMBAI) · Section 44AB
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Mumbai ITAT Directs AO to Re-examine US LP’s Status as ‘Company’ under India-US DTAA for Loss Carry Forward Eligibility
Pabrai Investment Fund IV, L.P. Vs Asst. Director of Income Tax
(2026) TaxCorp(LJ) 38571 (ITAT-MUMBAI)
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Mumbai ITAT Denies Condonation for 6-Year Delay in Filing Cross Objections by Mashreq Bank: Subsequent Favourable Ruling Not a Sufficient Cause
Mashreq Bank PSC Vs DDIT(IT)4(1)
(2026) TaxCorp(LJ) 38573 (ITAT-MUMBAI)
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Mumbai ITAT Affirms Section 54F Exemption for Property Purchased from Spouse, Rejects Revenue’s Colourable Device Allegation
Neha Karan Motwani Vs Income Tax Officer
(2026) TaxCorp(LJ) 38562 (ITAT-MUMBAI) · Section 54F
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Mumbai ITAT Orders Restoration of ISKCON’s Section 12AB and 80G Registrations, Rebukes CIT(E) for Overstepping Jurisdiction by Scrutinizing Income Streams
International Society for Krishna Consciousness Vs Commissioner of Income-tax
(2026) TaxCorp(LJ) 38558 (ITAT-MUMBAI) · Section 12AB
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Mumbai ITAT Holds Trademark Fee Paid to Foreign Parent as Deductible Revenue Expenditure, Rejects Revenue’s ‘Intangible Asset’ Argument
Deugro Projects (India) Private Limited Vs ACIT
(2026) TaxCorp(LJ) 38555 (ITAT-MUMBAI)
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Mumbai ITAT Affirms Full Interest Deduction u/s 57 for Borrowed Funds Linked to “Income from Other Sources,” Rejects Cap Based on Interest Income Earned
Hitesh Shantilal Mehta Vs DCIT
(2026) TaxCorp(LJ) 38552 (ITAT-MUMBAI) · Section 57
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Mumbai ITAT Decides Bloomberg LP Lacks Service and Dependent Agent PE in India: Transactions with Indian Subsidiary Held on Principal-to-Principal Basis
Bloomberg LP Vs ADDLDITIT(IT)RG3
(2026) TaxCorp(LJ) 38551 (ITAT-MUMBAI)
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Mumbai ITAT Rules Repayment of Existing Loans in Demonetised Notes Not Unexplained Cash Credit Under Section 68
Agora Microfinance India Ltd Vs ITO
(2026) TaxCorp(LJ) 38550 (ITAT-MUMBAI) · Section 68
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Penalty Deleted by Mumbai ITAT under Section 271(1)(c) Where TDS Exceeds Assessed Tax Despite Non-Filing of Return, Citing No Tax Sought to Be Evaded in Light of Explanation 4(c)
Hitesha Sachin Takur Vs Income Tax Officer
(2026) TaxCorp(LJ) 38549 (ITAT-MUMBAI) · Section 271(1)(c)
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Mumbai ITAT Clarifies Section 154(7) Limitation: Four-Year Period to Run from Date of Communication, Not Upload, in Rectification Applications
Ronch Polymers Private Ltd Vs Dy. Commissioner of Income Tax
(2026) TaxCorp(LJ) 38547 (ITAT-MUMBAI) · Section 154
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Mumbai ITAT Upholds KPMG India's Rs. 2.22 Crore Unbilled Revenue Write-Off, Citing Consistency with Precedent in Advisory Arm Case
KPMG India Pvt. Ltd Vs DCIT
(2026) TaxCorp(LJ) 38545 (ITAT-MUMBAI)
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Mumbai ITAT Orders Fresh Inquiry into Section 43B Disallowance of Interest on Term Loan, Directs Assessee to Furnish Loan-wise Payment Evidence
Goan Hotels & Realty Private Limited Vs DCIT
(2026) TaxCorp(LJ) 38543 (ITAT-MUMBAI) · Section 43B
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Mumbai ITAT Quashes Penalty under Section 271(1)(c) for Disallowance of Professional Fees—Clarifies Mere Disallowance Does Not Attract Penalty Without Independent Satisfaction
Ashwin Ramesh Saksena Vs ITO
(2026) TaxCorp(LJ) 38542 (ITAT-MUMBAI) · Section 271(1)(c)
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Mumbai ITAT Clarifies Taxability of Ind AS Accounting Entries: Aditya Birla Real Estate Prevails on Security Deposits, Royalty, Grants, and Borrowing Costs Adjustments
Aditya Birla Real Estate Limited (Formerly Known As Century Textiles And Industries Limited) Vs CIT
(2026) TaxCorp(LJ) 38538 (ITAT-MUMBAI)
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Mumbai ITAT Remands DDT vs DTAA Rate Dispute to CIT(A) in Light of SC Advisory Despite Favorable Bombay HC Ruling
Interactive Television Private Limited Vs Asst. CIT
(2026) TaxCorp(LJ) 38536 (ITAT-MUMBAI)
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Mumbai ITAT Upholds 8% Profit Estimation for Redevelopment Project; Rejects AO’s Book Rejection and 15% Profit Rate Based on Incomparable Entities
Excel Developers Vs DCIT
(2026) TaxCorp(LJ) 38533 (ITAT-MUMBAI) · Section 145(3)
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Mumbai ITAT Rules Redemption Price of Preference Shares Cannot Be Replaced with Equity Share Value for Capital Gains—Section 50CA Not Retrospectively Applicable
Vinant Trust Vs DCIT
(2026) TaxCorp(LJ) 38532 (ITAT-MUMBAI)
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