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ITAT Mumbai

CA not updated Email ID on income tax portal: ITAT Mumbai Grants Relief

December 21, 2023 3648 Views 0 comment Print

Read the detailed analysis of Maheshwar Niketan Co-operative Housing Society Limited vs. ITO case. ITAT Mumbai grants relief for CA’s email ID failure on the Income Tax portal.

Death of Director & CA reasonable cause for Delay in Appeal Filing: ITAT Mumbai

December 20, 2023 624 Views 0 comment Print

Explore the ITAT Mumbai ruling in PMI Entertainment vs ACIT case, where the death of director and CA led to filing delay appeal. Detailed analysis and insights.

Opportunity of Hearing must before addition for Unexplained Eviction Expenses

December 19, 2023 405 Views 0 comment Print

Explore the legal battle of Shadawal Enterprises vs CIT in ITAT Mumbai. Analysis of unexplained expenses, eviction, and conclusion. Learn about the crucial remand for a fair decision

Mere charging guarantee fees for services by trust not sufficient to invoke proviso to section 2(15)

December 15, 2023 480 Views 0 comment Print

ITAT Mumbai held that mere charging of guarantee fees for services by the assessee trust ipso facto is not sufficient to invoke the proviso to section 2(15) of the Income Tax Act, that too without establishing that the object and purpose of the assessee is profit motive.

ITAT directs AO to consider stamp duty value on allotment date for Section 56(2)(vii)(b) addition

December 13, 2023 6750 Views 0 comment Print

Explore the ITAT Mumbai decision in Rekha Singh vs ITO, directing the consideration of stamp duty value on the date of allotment for Section 56(2)(vii)(b) purposes. Detailed analysis and implications.

Additional evidence proving sales promotion expense not hit by Medical Regulation need fresh examination

December 12, 2023 408 Views 0 comment Print

ITAT Mumbai held that additional evidences submitted contesting that sales promotion expenses are not hit by the Medical Council Regulations. Accordingly, matter set aside for fresh examination as such additional evidences require examination at the end of AO.

ITAT deletes Notional ALV Addition on Unsold Flats as Stock-in-Trade

December 10, 2023 600 Views 0 comment Print

ITAT Mumbai’s order on Runwal Constructions vs DCIT: Addition of notional ALV on unsold flats held as stock-in-trade deleted. Detailed analysis and outcome provided.

Section 80IB(10) Deduction: Exclusion of Open Sky Floor Bed & Below-Floor Balcony in 1000 sq. ft. Eligibility Calculation

December 10, 2023 609 Views 0 comment Print

While calculating eligible limit of 1000 sq. ft. for deciding allowbility of section 80IB(10) deduction, floor bed area, which is open to sky and not covered by any sides and outside balcony area, which is below floor level cannot form part of constructed area of flat.

ITAT Mumbai Allows Section 80G Deduction on CSR Expenses

December 10, 2023 2139 Views 0 comment Print

In a recent decision, ITAT Mumbai allows Section 80G deduction on CSR expenses for Rustomjee Realty Pvt Ltd, challenging the disallowance by ACIT.

Assessee Unaware of Notices on Income Tax Portal: ITAT Grants Another Chance

December 10, 2023 990 Views 0 comment Print

In a recent case, Vrajlal Umedlal Jhaveri challenges ITAT Mumbai’s decision, citing lack of awareness about notices on the income tax portal. Learn more about the appeal and the opportunity granted for a fair hearing.

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