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Landmark Rulings

ITAT Mumbai — Direct Tax

2,416 rulings

  1. ITAT Mumbai · 12 May 2026
    Mumbai ITAT Upholds Assessee’s Right to Carry Forward Capital Loss Despite Section 54F Exemption: Section 70 Applies Post Capital Gains Computation

    Nikesh Bhagwandas Mehta Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38113 (ITAT-MUMBAI) · Section 54F

  2. ITAT Mumbai · 12 May 2026
    Mumbai ITAT Upholds Deduction u/s 54F on Genuine Property Purchase; Rejects AO’s Suspicion of Tax Evasion in Absence of Concrete Evidence

    Nidhi Siddharth Kejriwal Vs Dy. Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38112 (ITAT-MUMBAI) · Section 54F

  3. ITAT Mumbai · 12 May 2026
    Mumbai ITAT Restricts CIT(A)'s Enhancement Powers; Disallows Addition on Security Deposit as Business Income

    Skyline Greathills Vs DCIT

    (2026) TaxCorp(LJ) 38110 (ITAT-MUMBAI) · Sections 263, 147, 154

  4. ITAT Mumbai · 12 May 2026
    Mumbai ITAT Confirms Franchise Fee Paid to BCCI by IPL Team as Allowable Revenue Expenditure, Rejects Revenue's Capital Nature Argument

    Indiawin Sports Private Limited Vs Deputy Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38108 (ITAT-MUMBAI)

  5. ITAT Mumbai · 05 May 2026
    Delhi ITAT Rules Manpower Support Fees to Myntra Inc. from Flipkart Not Taxable as 'Fee for Technical Services' Under India-US DTAA Without ‘Make Available’ Clause Satisfaction

    Myntra Inc Vs Assistant Commissioner of Income Tax

    (2026) TaxCorp(LJ) 38102 (ITAT-MUMBAI)

  6. ITAT Mumbai · 01 May 2026
    Mumbai ITAT Rules Income from SARFAESI Trusts Taxable in Hands of Security Receipt Holders, Not the Trust

    Arcil Retail Loan Portfolio-001-H Trust Vs DCIT

    (2026) TaxCorp(LJ) 38095 (ITAT-MUMBAI)

  7. ITAT Mumbai · 01 May 2026
    Mumbai ITAT Quashes Addition under Section 68 for Alleged Unexplained Income: Asserts Project Falcon Data Insufficient Without Direct Transactional Link

    Mentor Capital Limited Vs DCIT

    (2026) TaxCorp(LJ) 38093 (ITAT-MUMBAI)

  8. ITAT Mumbai · 05 May 2026
    Mumbai ITAT Quashes Penalty on CA for Inadvertent Income Computation Errors; Recognizes Bona Fide Disclosure in Revised Return

    Gopalkrishna Narla Rao Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38086 (ITAT-MUMBAI) · Section 271(1)(c)

  9. ITAT Mumbai · 05 May 2026
    ITAT Mumbai Remands Matter to AO for Date Verification on Section 11(2) Accumulation; Denial of Exemption Over Minor Timing Differences Disallowed

    Shree Tardeo Jain Swetamber Murti Pujak Sangh Vs Income Tax Officer

    (2026) TaxCorp(LJ) 38085 (ITAT-MUMBAI) · Section 11(2)

  10. ITAT Mumbai · 05 May 2026
    Mumbai ITAT Quashes Reassessment under Section 147: Holds Section 153C as Solely Applicable for Third-Party Search Material

    Zubin Paul Driver Vs ACIT

    (2026) TaxCorp(LJ) 38084 (ITAT-MUMBAI) · Section 147

  11. ITAT Mumbai · 15 May 2026
    Mumbai ITAT Recognizes Taxpayer’s Right to Section 115BAA Concessional Regime Despite Delay in Form 10-IC Filing Citing Substantive Compliance

    Electronfab Engineering Pvt Ltd Vs CPC/ITO

    (2026) TaxCorp(LJ) 38083 (ITAT-MUMBAI) · Section 115BAA

  12. ITAT Mumbai · 15 May 2026
    Mumbai ITAT Nullifies Reassessment Proceedings for Lack of Independent Enquiry and Improper Sanction under Section 151

    Mathew Julius Menezes Vs ITO

    (2026) TaxCorp(LJ) 38082 (ITAT-MUMBAI) · Section 151

  13. ITAT Mumbai · 15 May 2026
    Mumbai ITAT Upholds Penalty under Section 271AAC on Unexplained Property Investment Unearthed in Search Despite Pending High Court Appeal

    Anil Kantilal Shah Vs ACIT

    (2026) TaxCorp(LJ) 38076 (ITAT-MUMBAI) · Section 271AAC

  14. ITAT Mumbai · 15 May 2026
    Mumbai ITAT Upholds Consistent Allowance of Trademark Depreciation Post-Amalgamation; Disallows Section 14A Disallowance in Absence of Exempt Income

    Transworld Furtichem Private Limited Vs DCIT

    (2026) TaxCorp(LJ) 38075 (ITAT-MUMBAI)

  15. ITAT Mumbai · 16 May 2026
    Mumbai ITAT Affirms Full Exemption for BSNL VRS Compensation as Capital Receipt under Section 10(10B); Remands Matter for AO Verification

    Bajirao Shankar Jagdale Vs ITO

    (2026) TaxCorp(LJ) 38074 (ITAT-MUMBAI)

  16. ITAT Mumbai · 16 May 2026
    ITAT Mumbai Bars Double Taxation of Commission on Accommodation Entries; Restricts Addition to Sales Already Covered Under VsV Scheme

    Samnik General Trading Company Pvt. Ltd Vs ACIT

    (2026) TaxCorp(LJ) 38072 (ITAT-MUMBAI)

  17. ITAT Mumbai · 19 May 2026
    Mumbai ITAT Quashes AO’s Arbitrary 50% Income Estimation Under Section 44ADA, Upholds Assessee's Eligibility for Section 44AD on Business Correspondent Activity

    Manoj Rajaram Sharma Vs ITO

    (2026) TaxCorp(LJ) 38070 (ITAT-MUMBAI) · Section 44ADA

  18. ITAT Mumbai · 29 Apr 2026
    Mumbai ITAT Orders Fresh Assessment on Section 68 Addition, Citing Inadequate Examination of Alleged Accommodation Entries and Overreliance on Assessee’s Documentation

    NIBR Bullion Pvt. Ltd Vs ITO

    (2026) TaxCorp(LJ) 38067 (ITAT-MUMBAI)

  19. ITAT Mumbai · 29 Apr 2026
    Mumbai ITAT Orders Fresh Adjudication on Section 11 Exemption Post-Ahmedabad Urban Development Authority Ruling and New Proviso to Section 2(15)

    Bombay Chamber of Commerce and Industry Vs DCIT

    (2026) TaxCorp(LJ) 38065 (ITAT-MUMBAI) · Sections 2(15), 11

  20. ITAT Mumbai · 29 Apr 2026
    Mumbai ITAT Rules Promotional and Administrative Expenditures are Revenue in Nature for Real Estate Developers Using Project Completion Method

    Samira Realty Projects Pvt. Ltd Vs ACIT

    (2026) TaxCorp(LJ) 38063 (ITAT-MUMBAI) · Section 37(1)

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