February 07, 2026 : In a significant ruling under the post–Finance Act, 2021 reassessment framework, the Mumbai Bench of the Income Tax Appellate Tribunal has quashed reassessment proceedings for Assessment Year 2018–19 on the ground that the Assessing Officer failed Read more…
Tag: ITAT Mumbai
February 07, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has set aside reassessment proceedings initiated against Gedalia Multitrading Pvt. Ltd. for Assessment Year 2018–19, holding that the notice issued under Section 148 was invalid as the Read more…
February 06, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has dismissed the appeal filed by Ambuja Cements Limited and upheld the revisionary order passed under Section 263 of the Income Tax Act for Assessment Year 2019–20. Read more…
January 23, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has ruled that interest under Section 234C of the Income Tax Act cannot be levied where advance tax is paid through net banking on the statutory due Read more…
ITAT Mumbai, December 24, 2025 : The Mumbai Bench of the Income Tax Appellate Tribunal has struck down a reassessment that resulted in an addition of ₹2.70 crore against Kalpataru Projects International Ltd, holding that purchases cannot be branded as Read more…
January 14, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has ruled that income and disallowances relating to a predecessor company for periods prior to amalgamation cannot be assessed in the hands of the successor through a Read more…
January 07, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an assessment order passed by an Income Tax Officer (ITO) without the requisite pecuniary jurisdiction is void ab initio, leading to the quashing Read more…
January 7, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal has held that when a taxpayer receives an ownership flat in exchange for surrendering tenancy rights under a redevelopment agreement, the fair market value (FMV) of the Read more…