ITAT Mumbai held that where two houses joint together constitutes a single unit for residence, then exemption under section 54F of the Income Tax Act would be available to such joint residential house.
ITAT Mumbai upholds long-term capital gains legitimacy in Bhavna Lalit Jain’s appeal, reversing earlier AO additions and clarifying tax treatment.
ITAT Mumbai quashed reassessment under Section 148 due to improper approval process, emphasizing the need for compliance with Section 151 requirements.
ITAT Mumbai found DRP’s rejection of objections unjustified, remitting the Dresser-Rand case back to the AO for proper adjudication on Transfer Pricing issues.
ITAT Mumbai held that since deed of conveyance executed on 31.03.2017, provisions of section 56(2)(x) of Income Tax Act are not applicable. Section 56(2)(x) is inserted by Finance Act, 2017 and effective only from 01.04.2017.
ITAT Mumbai held that notice issued under section 148 of the Income Tax Act and procedure adopted being per se illegal hence the notices deserves to be set aside/ quashed.
ITAT Mumbai rules on the appeal of ACIT against Sangeeta Ganpat Sawant regarding undisclosed income and indexed cost of improvement.
In Buniyad Chemicals Ltd. Vs ACIT, ITAT Mumbai restricts the addition of commission on accommodation entries to 0.15% of deposits, addressing assessment disputes.
ITAT Mumbai rules on appeals by Atul Hirji Maru regarding interest disallowance and Keyman insurance taxation for AY 2018-19 and 2020-21.
ITAT Mumbai quashes income addition on trust for late Form 10B filing, citing CBDT’s extended deadline. Case returned to CIT(A) for reassessment.
