Itat Mumbai News

The Income Tax Appellate Tribunal (ITAT) Mumbai has granted partial relief to a businessman who received a tax notice for Rs 6.42 lakh in disallowed travel expe

The Income Tax Department seized gold, diamonds, and silver from a Mumbai woman, but the ITAT Mumbai deleted a ₹11.23 lakh tax addition after accepting her expl

ITAT Mumbai clarified that income tax cannot be charged on a ₹9.6 lakh EPF interest entry in an ITR if it was a mistake and no evidence of withdrawal exists.

ITAT Mumbai has addressed whether the entire difference between a property's purchase price and its stamp-duty value can be added to the income of only one co-o

The ITAT Mumbai ruled in favor of a taxpayer, deleting an ₹8.87 lakh tax addition on seized cash during a tax raid, accepting the explanation of family savings

The Mumbai ITAT has ruled that the Fair Market Value (FMV) on the ESOP exercise date can be considered the cost of acquisition for shares sold by an employee wh

The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that a higher stamp value alone cannot trigger additional tax.

A redevelopment firm received tax relief after the ITAT Mumbai ruled that its ₹8 crore provision for tenant compensation was not contingent. This ruling clarifi

ITAT Mumbai has ruled that taxpayers can claim the Section 87A rebate on short-term capital gains for AY 2024-25, clarifying that the benefit cannot be denied i