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Mumbai ITAT Affirms SEBI-Registered VCF’s Entitlement to Multiple Section 10 Exemptions on Distinct Income Streams
India Infrastructure Fund Vs ITO
(2026) TaxCorp(LJ) 38200 (ITAT-MUMBAI) · Section 10(23FB), 10(34)
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Mumbai ITAT Rules Rs 50 Lakh Development Rights Payment as Capital Gains, Not “Other Sources”; Section 50C Inapplicable in Absence of Land Transfer
Sherlyn Dias (Legal heir of Late Mrs. Dorothy Lawrence Pereira) Vs ITO
(2026) TaxCorp(LJ) 38198 (ITAT-MUMBAI)
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Mumbai ITAT Allows Full Deduction for NBFC’s Debenture Issue Expenses Under Section 37(1); Disallows Amortisation Under Section 35D
Nuvama Wealth Finance Limited Vs Deputy Commissioner of Income Tax
(2026) TaxCorp(LJ) 38196 (ITAT-MUMBAI)
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Mumbai ITAT Affirms Allowability of Business Development Expenses and Depreciation on Director-Registered Vehicles in Absence of Contradictory Evidence
Riverside Industries Private Limited Vs DCIT
(2026) TaxCorp(LJ) 38191 (ITAT-MUMBAI)
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Mumbai ITAT Rules Repayment of Business Liabilities Not Taxable as Unexplained Expenditure under Section 69C in Absence of Actual Outflow or P&L Deduction
M.A. Trading Products Vs ITO
(2026) TaxCorp(LJ) 38190 (ITAT-MUMBAI) · Section 69C
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Mumbai ITAT Rules Ex-Gratia Severance from Employer’s India Exit as Non-Taxable Capital Receipt, Not ‘Profits in Lieu of Salary’
Swati Sameer Joshi Vs Income Tax Officer
(2026) TaxCorp(LJ) 38189 (ITAT-MUMBAI)
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Mumbai ITAT Upholds CPC’s Power to Adjust Return Based on Tax Audit Report under Section 143(1)(a)(iv), But Strikes Down Mechanical Section 14A Disallowance Absent AO’s Dissatisfaction
Parle Biscuits Pvt. Ltd Vs Dy. Commissioner Income Tax
(2026) TaxCorp(LJ) 38188 (ITAT-MUMBAI) · Section 14A
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ITAT Mumbai Remands Share Capital Addition Under Section 68: CIT(A) Faulted for Not Inquiring Creditworthiness and Genuineness Despite AO’s Detailed Findings in High-Premium Share Allotment
Giri Prime Housing Properties Private Limited Vs Dy. Commissioner of Income Tax
(2026) TaxCorp(LJ) 38187 (ITAT-MUMBAI) · Section 68
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Mumbai ITAT Upholds Reassessment Post-Search under Revised Section 147: AO’s Reliance on “Information” Deemed Sufficient for Jurisdiction
Sonu Pankaj Shakti Sagar Sood Vs Assistant Commissioner of Income-Tax
(2026) TaxCorp(LJ) 38186 (ITAT-MUMBAI)
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Mumbai ITAT Special Bench Affirms 16-Year Reassessment Limitation for Non-Residents under Section 149(1)(c) in Foreign Asset Cases; Addition Deleted for Lack of Source Provenance
Jaspal Singh Sahney as Executor of late Devinder Singh Sahney Vs ITO(IT)4(2)(1)
(2026) TaxCorp(LJ) 38183 (ITAT-MUMBAI) · Section 149
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ITAT Holds Deferred Revenue for Unexpired Warranty Period Recognizable Over Warranty Tenure; Affirms Consistent Accounting Policy as Per AS-9 and ICDS-IV
Onsite Electro Services Private Limited Vs DCIT
(2026) TaxCorp(LJ) 38181 (ITAT-MUMBAI)
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Retrospective Application of Amended Rule 11UA for Share Valuation Disallowed under Section 56(2)(vii)(c); Additions Set Aside
Kanchan Markhedkar Vs ACIT
(2026) TaxCorp(LJ) 38180 (ITAT-MUMBAI)
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Mumbai ITAT Orders Fresh Examination on Taxability of Software Sales by McAfee Singapore, Stresses No Royalty Without Copyright Transfer
McAfee Singapore Pte. Ltd Vs Dy. CIT
(2026) TaxCorp(LJ) 38179 (ITAT-MUMBAI)
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Addition Under Section 69C Restricted to Profit Element Where Purchases Substantiated by Documentary Evidence
Marvell Nutex Pvt Ltd Vs ITO
(2026) TaxCorp(LJ) 38176 (ITAT-MUMBAI)
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Mumbai ITAT Affirms: Fair Market Value of Surrendered Tenancy Rights Constitutes Cost of Acquisition for Redevelopment Flats
Sarjit Ghanshyam Desai Vs Income Tax Officer,
(2026) TaxCorp(LJ) 38168 (ITAT-MUMBAI)
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Mumbai ITAT Upholds Assessee’s Right to Foreign Tax Credit for French Rental Income, Rejects Procedural Barriers
Jean Christophe Pierre Andre Letellier Vs Assessing Officer, Nationale Assessment Centre
(2026) TaxCorp(LJ) 38164 (ITAT-MUMBAI)
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Mumbai ITAT Upholds Denial of Regularization of Provisional Registration to Trust for Absence of Irrevocability and Dissolution Clause; Misrepresentation in Form 10AB Treated as Specified Violation under Section 12AB(4)
Ramanlal Shah (Pradipkumar & CO.) Religious Trust Vs CIT
(2026) TaxCorp(LJ) 38162 (ITAT-MUMBAI) · Section 12AB(4)
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Mumbai ITAT Quashes Addition for Alleged On-Money Payment in Flat Purchase: Orders De Novo Assessment for Denial of Cross-Examination and Lack of Corroborative Evidence
Mayuri Hitendra Shah Vs Assessing Officer, Income Tax Office
(2026) TaxCorp(LJ) 38161 (ITAT-MUMBAI)
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Mumbai ITAT Clarifies Section 80P Deduction Eligibility for Cooperative Societies: Interest from Bank Deposits May Qualify Based on Business Nexus
New Satara Zilla Nagrik Multistate Multipurpose Cooperative Society Ltd Vs Income Tax Officer
(2026) TaxCorp(LJ) 38160 (ITAT-MUMBAI) · Section 80P
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Mumbai ITAT Upholds Section 10(46) Exemption for Prior Period and Ancillary Regulatory Incomes: Nature of Income Prevails Over Timing and Classification
Maharashtra Electricity Regulatory Commission Vs DCIT
(2026) TaxCorp(LJ) 38158 (ITAT-MUMBAI)
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