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Landmark Rulings

ITAT Mumbai — Direct Tax

2,432 rulings

  1. ITAT Mumbai · 11 Sep 2023
    ITAT - Mumbai ITAT Rules Compensation for Waiving Off 'Right to Sue' as Capital Receipt Not Liable to Tax.

    Virendra Bhavanji Gala Vs PCIT

    (2023) TaxCorp(LJ) 32311 (ITAT-MUMBAI)

  2. ITAT Mumbai · 09 Sep 2023
    ITAT - Mumbai ITAT Rules Rental Income from Leased Agricultural Land as Agricultural Income.

    Vinayak Sudhakar Malkotagi Vs ITO

    (2023) TaxCorp(LJ) 32309 (ITAT-MUMBAI)

  3. ITAT Mumbai · 05 Sep 2023
    ITAT - Revenue Unjustified in Adjusting Consideration for Share Sale Above NAV.

    Nearby Pte. Limited Vs ACIT

    (2023) TaxCorp(LJ) 32280 (ITAT-MUMBAI)

  4. ITAT Mumbai · 02 Sep 2023
    ITAT - Mumbai ITAT Rejects Taxability Due to Lack of DVO Reference and Ignored Valuation Report.

    Elvis Zepherin Crasto Vs Income Tax Officer

    (2023) TaxCorp(LJ) 32264 (ITAT-MUMBAI)

  5. ITAT Mumbai · 02 Sep 2023
    ITAT - Interest paid on borrowings can be allowable against FD income under Section 57, provided a reasonable nexus exists, Says Mumbai ITAT.

    D D & Co. Vs ACIT

    (2023) TaxCorp(LJ) 32263 (ITAT-MUMBAI)

  6. ITAT Mumbai · 30 Aug 2023
    ITAT - Mumbai ITAT Rules in Favor of Fox International: Distribution Revenue Not Deemed Royalty.

    Fox International Channels (US) Inc {now known as TFCF International Channels (US). Inc} Vs DCIT

    (2023) TaxCorp(LJ) 32246 (ITAT-MUMBAI)

  7. ITAT Mumbai · 26 Aug 2023
    ITAT - Assessees Entitled to Advance Tax Credit Left Unclaimed in ITR (original or revised), Rules Mumbai ITAT.

    Damco India Pvt. Ltd Vs Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32219 (ITAT-MUMBAI)

  8. ITAT Mumbai · 19 Aug 2023
    ITAT - Mumbai ITAT Upholds Revisionary Proceedings Due to AO's Lack of Application of Mind on Section 43CA.

    Shree Laxmi Enterprises Vs PCIT

    (2023) TaxCorp(LJ) 32171 (ITAT-MUMBAI) · Section 43CA

  9. ITAT Mumbai · 19 Aug 2023
    ITAT - Mumbai ITAT Upholds Allowability of Port Rent Deduction Under Section 80-IA.

    PNP Maritime Services Pvt. Ltd Vs DCIT

    (2023) TaxCorp(LJ) 32169 (ITAT-MUMBAI) · Section 80-IA

  10. ITAT Mumbai · 17 Aug 2023
    ITAT - Mumbai ITAT Confirms 20% Payment Based on 'Disputed Demand,' Extends Stay for eBay Singapore.

    eBay Singapore Services Pvt Ltd Vs DCIT

    (2023) TaxCorp(LJ) 32159 (ITAT-MUMBAI)

  11. ITAT Mumbai · 12 Aug 2023
    ITAT - Capital Gains: Mumbai ITAT Determines Holding Period for Flat Rights from Allotment Date, Not Application Date

    Narendra Gehlaut Vs The Dy. CIT

    (2023) TaxCorp(LJ) 32133 (ITAT-MUMBAI)

  12. ITAT Mumbai · 09 Aug 2023
    ITAT - Mumbai ITAT Imposes Cost on FPI for Non-Response to Notices, Orders De Novo Assessment.

    Hunt International Investments LLC Vs DCIT

    (2023) TaxCorp(LJ) 32115 (ITAT-MUMBAI) · Section 142(1)

  13. ITAT Mumbai · 09 Aug 2023
    ITAT - Mumbai ITAT Admits and Directs Fresh Consideration of Fresh Claim Before DRP.

    Edenred SE (Formerly known as Edenred SA) Vs Deputy Commissioner of Income-tax, International Taxation-2(2)(1)

    (2023) TaxCorp(LJ) 32113 (ITAT-MUMBAI)

  14. ITAT Mumbai · 08 Aug 2023
    ITAT - Mumbai ITAT allowed the set-off of brought-forward losses for Hiranandani Healthcare based on the group's unchanged shareholding pattern and deleted the addition related to share premium, as Section 79 did not apply to group changes and Section 68 did not cover the capacity to charge share premium.

    Hiranandani Healthcare Private limited Vs CIT (A)

    (2023) TaxCorp(LJ) 32105 (ITAT-MUMBAI) · Sections 79, 68

  15. ITAT Mumbai · 08 Aug 2023
    ITAT - Mumbai ITAT Deletes Sec.69C Addition Based on Undisputed Source of Expenditure Amid Banking Fraud Allegations.

    Executive Trading Co. Pvt. Ltd Vs Additional/Joint/Deputy/Assistant Commissioner of Income Tax/Income-tax Officer, National Faceless Assessment Centre

    (2023) TaxCorp(LJ) 32104 (ITAT-MUMBAI) · Section 69C

  16. ITAT Mumbai · 07 Aug 2023
    ITAT - Mumbai ITAT Decides JM Financial's Gains from JV Share-Sale as Capital in Nature; Method of calculating sale consideration does not determine the transaction's nature.; Dismisses Set-off as Colourable Device.

    J.M. Financial Ltd Vs Deputy Commissioner of Income-tax

    (2023) TaxCorp(LJ) 32098 (ITAT-MUMBAI)

  17. ITAT Mumbai · 04 Aug 2023
    ITAT - Mumbai ITAT Rules No Further Profit Attribution Required if Transactions are at ALP.

    Fedex Express International B.V. Vs Assistant Commissioner of Income Tax

    (2023) TaxCorp(LJ) 32080 (ITAT-MUMBAI)

  18. ITAT Mumbai · 04 Aug 2023
    ITAT - Mumbai ITAT Rules on Allowability of Incremental Cost & Interest in Real Estate Development Project as the increase was corroborated with the agreements and the letter issued by the developer on escalation of cost.

    Simplex Realty Limited Vs The DCIT

    (2023) TaxCorp(LJ) 32078 (ITAT-MUMBAI)

  19. ITAT Mumbai · 15 Jul 2023
    ITAT - Mumbai ITAT Upholds Debatable Nature of Sales Promotion Expenditure Allowance: Rejects Rectification Order Under Section 154.

    UCB India Private Limited Vs Assisant Commissioner of Income Tax

    (2023) TaxCorp(LJ) 31945 (ITAT-MUMBAI)

  20. ITAT Mumbai · 13 Jul 2023
    ITAT - Mumbai ITAT Quashes Assessment of Non-Existent Entity Following Amalgamation.

    Abbott India Ltd. (as successor to ‘Solvey Pharma India Ltd’) Vs ACIT

    (2023) TaxCorp(LJ) 31929 (ITAT-MUMBAI)

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