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Landmark Rulings

ITAT Mumbai — Direct Tax

2,432 rulings

  1. ITAT Mumbai · 28 Oct 2023
    ITAT - Mumbai Tribunal Rules Gains from DSPML Shares Transfer as 'Capital Gains': Assessee to Benefit from Section 54EA Exemption.

    LATE SHRI MATHRADAS KOTHARI (BY THE EXECUTOR OF HIS ESTATE SHRI HEMENDRA M. KOTHARI) VERSUS THE INCOME TAX OFFICER- 4 (3) (1) , MUMBAI

    (2023) TaxCorp(LJ) 32621 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=107940&Category=ITAT&CategoryType=Zip

  2. ITAT Mumbai · 26 Oct 2023
    ITAT - Mumbai Tribunal Rules in Favour of Assessee on Reopening of Assessment and Outstanding Sundry Creditors.

    M/S. MINESTONE VERSUS ACIT-18 (2) MUMBAI

    (2023) TaxCorp(LJ) 32606 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=107925&Category=ITAT&CategoryType=Zip

  3. ITAT Mumbai · 23 Oct 2023
    ITAT - Mumbai ITAT Exempts McKinsey Singapore's Income from 'Borrowed Services' to McKinsey India from Being Taxed as FTS.

    McKinsey & Company Singapore Pte Ltd Vs JCIT (OSD) (IT)

    (2023) TaxCorp(LJ) 32594 (ITAT-MUMBAI)

  4. ITAT Mumbai · 23 Oct 2023
    ITAT - Mumbai Tribunal Clarifies: No Penalties for Merely Changing Income Head; Emphasizes Correct Classification and Documentation.

    D.C. POLYESTER LIMITED VERSUS DCIT, CC-6 (4) , MUMBAI

    (2023) TaxCorp(LJ) 32590 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=107844&Category=ITAT&CategoryType=Zip

  5. ITAT Mumbai · 21 Oct 2023
    ITAT - Mumbai ITAT Approves Deduction of Revaluation Loss from Forex Fluctuations for Food Oil Exporter.

    Bunge India Pvt. Ltd Vs The Joint Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32585 (ITAT-MUMBAI)

  6. ITAT Mumbai · 20 Oct 2023
    ITAT - Mumbai Tribunal Upholds 'Principle of Mutuality': Assessee's Income from Members Exempted.

    DY. COMMISSIONER OF INCOME TAX (EXEMPTION) –1 (1) , MUMBAI VERSUS INDIAN MACHINE TOOLS MANUFACTURERS' ASSOCIATION AND (VICE-VERSA)

    (2023) TaxCorp(LJ) 32578 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=107786&Category=ITAT&CategoryType=Zip

  7. ITAT Mumbai · 17 Oct 2023
    ITAT - Mumbai ITAT Rules: No Survivability for Section 143(1) Adjustments Absent Corresponding Assessment Additions.

    National Stock Exchange of India Limited Vs DCIT

    (2023) TaxCorp(LJ) 32554 (ITAT-MUMBAI) · Section 143(1)

  8. ITAT Mumbai · 16 Oct 2023
    ITAT - Mumbai ITAT Backs Assessee: Non-disclosure of Interest on Tax-refund in ITR is 'Bona Fide'; Negates Sec.270A Penalty.

    Kavita Jasjit Singh Vs Commissioner of Income Tax (Appeals)

    (2023) TaxCorp(LJ) 32546 (ITAT-MUMBAI) · Section 270A

  9. ITAT Mumbai · 11 Oct 2023
    ITAT - Mumbai ITAT Recognizes Separate Benefits for Mauritian Investors: STCG Exemptions & LTCL Carry-Forward Approved.

    Indium IV (Mauritius) Holdings Limited Vs DCIT (International transaction)-2(2)(1)

    (2023) TaxCorp(LJ) 32506 (ITAT-MUMBAI)

  10. ITAT Mumbai · 09 Oct 2023
    ITAT - Mumbai ITAT Vacates Stay for NSE Clearing Ltd: Repeated Adjournments Based on Pending Order of Parent Company Not Justifiable.

    NSE clearing Ltd Vs DCIT

    (2023) TaxCorp(LJ) 32490 (ITAT-MUMBAI)

  11. ITAT Mumbai · 05 Oct 2023
    ITAT - Mumbai ITAT Stresses Need for Evidence in Reimbursement Claims; Reiterates Taxability as FTS Without Proof.

    Kraft Foods Group Brands LLC Vs ACIT

    (2023) TaxCorp(LJ) 32461 (ITAT-MUMBAI)

  12. ITAT Mumbai · 05 Oct 2023
    ITAT - Mumbai Tribunal Upholds Assessee's Right to Raise Additional Claims During Appellate Proceedings.

    AJANTA PHARMA LTD. VERSUS DCIT, CC-7 (2) , MUMBAI

    (2023) TaxCorp(LJ) 32456 (ITAT-MUMBAI) · https://taxcorp.in/FileOpenDT.aspx?ID=107478&Category=ITAT&CategoryType=Zip

  13. ITAT Mumbai · 30 Sep 2023
    ITAT - Mumbai ITAT Provides Relief to TCS on Tax Deductions and Expenditures; Sets Precedence for Corporate Claims.

    Tata Consultancy Services Limited Vs Deputy Commissioner of Income-tax

    (2023) TaxCorp(LJ) 32448 (ITAT-MUMBAI)

  14. ITAT Mumbai · 30 Sep 2023
    ITAT - Mumbai ITAT Provides Clarity on Varied Real-Estate Value & Post-OC Expenditures.

    Mighty Construction Pvt. Ltd Vs DCIT-10(2)(2)

    (2023) TaxCorp(LJ) 32447 (ITAT-MUMBAI)

  15. ITAT Mumbai · 26 Sep 2023
    ITAT - Mumbai ITAT Upholds Multiple Exemptions for Notified Investor Fund Prior to April 1, 2024.

    NCDEX Investor (Client) Protection Fund Trust Vs Income Tax Officer

    (2023) TaxCorp(LJ) 32417 (ITAT-MUMBAI) · Section 10(23EC), 11(7)

  16. ITAT Mumbai · 25 Sep 2023
    ITAT - Penalty Upheld for Non-disclosure of Foreign Assets in ITR Schedule FA by Mumbai ITAT.

    Shobha Harish Thawani Vs Joint Commissioner of Income-tax

    (2023) TaxCorp(LJ) 32415 (ITAT-MUMBAI)

  17. ITAT Mumbai · 23 Sep 2023
    ITAT - Mumbai ITAT Rules Section 44ADA Inapplicable Due to Lack of 'Notified Qualifications'.

    Vishnu Dattatraya Ponkshe Vs Central Processing Centre

    (2023) TaxCorp(LJ) 32405 (ITAT-MUMBAI) · Section 44ADA

  18. ITAT Mumbai · 20 Sep 2023
    ITAT - Mumbai ITAT's Ruling on Cleartrip's Advertisement Expenditure, ESOP Expenses & Sec.68 Addition on Foreign Investment.

    Cleartrip Private Limited Vs DCIT

    (2023) TaxCorp(LJ) 32380 (ITAT-MUMBAI)

  19. ITAT Mumbai · 16 Sep 2023
    ITAT - TDS on ESOP Occurs at Exercise, Not Grant: Mumbai ITAT's Decision.

    Total Energies Marketing India Pvt. Ltd Vs DCIT

    (2023) TaxCorp(LJ) 32352 (ITAT-MUMBAI)

  20. ITAT Mumbai · 12 Sep 2023
    ITAT - Mumbai ITAT Rules Irish Insurer's Income Not Taxable in India, Rejects DAPE Claim.

    RGA International Reinsurance Company Limited Vs DCIT (Intl. Taxation)

    (2023) TaxCorp(LJ) 32319 (ITAT-MUMBAI)

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