Judgement

Tribunal holds Revenue cannot reopen issues already settled by binding Special Bench precedent.

Special Bench Ruling Ends 22-Year Tax Dispute: ITAT Mumbai Rejects Revenue’s Fresh Challenge Against JP Morgan Chase Bank

The Income Tax Appellate Tribunal (ITAT) Mumbai has upheld the addition of Rs 57.89 lakh made against D.L. Shah Trust for Applied Science, Technology, Arts and Philosophy, as taxable under Section 11(3)(d) of the Income Tax Act.

ITAT Mumbai Holds That Payments Made Out of Accumulated Income to Registered Trusts Attracts Section 11(3)(d)

ITAT dismissed the Revenue’s appeal as infructuous, holding that the original CIT(A) order had been superseded by a subsequent rectification order passed under Section 154.

Medical Admission Agent Declared Rs. 18.63 Lakh Income but Faced Rs. 1.01 Crore Tax Addition After Search; ITAT Dismisses Revenue's Appeal as Infructuous

The Income Tax Appellate Tribunal (ITAT) Mumbai has held that Section 115BBE of the Income Tax Act, 1961 cannot be invoked merely because an addition has been made during assessment proceedings.

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply

The ITAT Mumbai granted the taxpayer another chance in the unexplained share transactions dispute and remanded the matter to the lower appellate authority for fresh consideration.

Mumbai Investor Hit With Section 69A Addition Over Alleged Penny Stock Gains; ITAT Sends Case Back for Reconsideration

ITAT upholds penalties for loan transactions routed through journal entries instead of banking channels.

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Special Bench Ruling Ends 22-Year Tax Dispute: ITAT Mumbai Rejects Revenue’s Fresh Challenge Against JP Morgan Chase Bank

ITAT Mumbai Holds That Payments Made Out of Accumulated Income to Registered Trusts Attracts Section 11(3)(d)

Medical Admission Agent Declared Rs. 18.63 Lakh Income but Faced Rs. 1.01 Crore Tax Addition After Search; ITAT Dismisses Revenue's Appeal as Infructuous

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply

Mumbai Investor Hit With Section 69A Addition Over Alleged Penny Stock Gains; ITAT Sends Case Back for Reconsideration

Journal Entries Are Not a Substitute for Banking Channels: ITAT Upholds Penalties for violating Sections 269SS and 269T