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MUMBAI ITAT JUDGMENT
ITAT: Accrued interest component on non-convertible debentures sales is taxable as interest income- Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investment
- Lady wins Rs 83 lakh capital gains tax exemption case: ITAT Mumbai flags officer’s jurisdiction error
- Sold land for Rs 5 crore, bought new land in wife’s name, paid no capital gains tax, got tax notice; Why ITAT Delhi denied tax exemptionA man who sold agricultural land for Rs 5 crore and reinvested the gains into a new plot in his wife's name was denied capital gains tax ex...02 Feb, 2026, 11.45 AM IST
- Rs 80 lakh tax demand quashed: ITAT Mumbai says stamp duty value not applicable to life interest in family trustITAT Mumbai ruled that stamp duty rules under Section 50C do not apply to the transfer of a life interest in family trust property. The tri...22 Jan, 2026, 09.48 PM IST
- Stamp duty vs deal value: Homebuyer gets relief as ITAT Mumbai rejects addition of Rs 18 lakh income by tax dept for property valuation gapA Mumbai homeowner has won a significant tax case. The Income Tax Appellate Tribunal ruled in his favour, deleting an Rs 18.95 lakh income ...31 Dec, 2025, 11.32 AM IST
- Dubai-based taxpayer gets I-T notice for unexplained investment in Rs 2 crore Mumbai property; he fights back and gets relief from ITAT MumbaiMan returns to Mumbai with Rs 2 crore savings after working in Dubai, United Arab Emirates (UAE) for 20 years to buy property; tax dept sen...15 Dec, 2025, 08.00 AM IST
- Tax dept seized mother’s 263 gram gold; son fights in ITAT Mumbai and wins: Know what CBDT gold jewellery circular saysMr. Nilawar has emerged victorious against the tax department's attempt to seize his family's gold collection. The Mumbai Income Tax Appell...02 Dec, 2025, 12.22 PM IST
- Wife wins case against tax department after getting Rs 1.85 crore compensation from builder for construction delay; ITAT Mumbai rules in her favourA woman received Rs 1.85 crore from a builder for delayed flat construction. The tax department sought to apply Section 50C, valuing the co...05 Nov, 2025, 01.07 PM IST
- Husband wife duo wins Rs 1.3 crore long term capital gains tax exemption case under Section 54 despite selling two houses to buy a joint property; ITAT Mumbai caseThe ITAT Mumbai ruled that a wife is eligible for a Rs 1.3 crore Section 54 LTCG tax exemption on a property sale, even though the new prop...16 May, 2025, 01.05 PM IST
- Income tax on gifted property: NRI step-brother to pay zero income tax on Rs 7.5 crore propertyThe ITAT Mumbai ruled that a gift from a stepsister to her stepbrother is exempt from income tax, overturning the tax department's addition...15 May, 2025, 06.26 AM IST
- Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITATA recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new flat in exchange ...23 Apr, 2025, 07.02 PM IST
- 83-year-old woman, not liable to file tax returns, wins case against fineAn 83-year-old widow, who was not liable to file her IT return, has obtained a favourable order from the income-tax appellate tribunal (ITA...18 Aug, 2023, 01.38 PM IST
- In first such move, I-T dept set to tap young talent with domain knowledgeUnder the scheme, the I-T department is looking to attract professionals who have domain knowledge in law and accountancy (such as the char...07 Aug, 2023, 03.31 PM IST
- Money received from partnership firm on retirement is exempted from capital gains taxCapital gain tax is levied on returns from all equity investment as well as real estate investments. As per the details of the case a partn...18 Dec, 2020, 06.19 PM IST
- Cashless exercise of stock options taxable as capital gains, not as salary: Karnataka High CourtDasannacharya exercised his right under the stock option by way of “cashless exercise” where the underlying shares were not allotted but he...04 Dec, 2020, 05.15 PM IST
- Booking under-construction flat not a purchase, merits tax reliefUnder section 54 of the I-T Act, the period prescribed for investing the LTCGs in a new house is two years from the date of sale of the old...23 Dec, 2017, 01.17 PM IST
- GE group cos have permanent establishment in India, must pay tax in India: I-T tribunalThe judgment could be crucial not just for GE Energy Parts but also for several other multinationals operating in India.31 Jan, 2017, 10.37 AM IST
- You can’t be taxed for security deposit on flat paid by firmITAT has held that the notional interest on the security deposit paid by an employer to the landlord can't be added to the taxable income o...07 Jun, 2016, 12.35 PM IST
- Transfer pricing dispute: ITAT says it has jurisdiction to raise Vodafone tax demandBut, in a partial reprieve for Vodafone India, the tribunal sent the case back to the I-T department for deciding revised taxable amount of...11 Dec, 2014, 12.24 PM IST
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