Mumbai Bench ITAT Judgements
139 judgements delivered by the Mumbai Bench bench of the Income Tax Appellate Tribunal. Free to read, no signup required.
Harvest Agriculture Private Limited Vs. ITO Ward 2(1)(3)
ITA No. 7393/Mum/2025, ITA No. 7395/Mum/2025, ITA No. 7396/Mum/2025Mumbai Bench21 Jan 2026The assessee, Harvest Agriculture Private Limited, is a private limited company. For the assessment years 2019-20, 2021-22, and 2022-23, the original assessments were completed under section 143(1) of the Income-tax Act, 1961. Subsequently,…
Read summaryHaffkine Bio Pharmaceutical Corporation vs ACIT, 7(1)(2), Mumbai
ITA No.5352/Mum/2025Mumbai Bench13 Jan 2026The assessee, Haffkine Bio Pharmaceutical Corporation, filed its return of income declaring a total income of Rs.1,61,05,768/-. The case was selected for scrutiny, and an assessment order under section 143(3) of the Income-tax Act, 1961 was…
Read summaryGaurav Kumar Ashok Kumar Jain Vs. DCIT Central Circle 4(2), Mumbai-400051
I.T.A. No. 7199/Mum/2025, I.T.A. No. 7200/Mum/2025, I.T.A. No. 7201/Mum/2025Mumbai Bench22 Jan 2026The assessee, Gaurav Kumar Ashok Kumar Jain, purchased a shop in Platinum Mall, constructed by Rubberwala Housing Infrastructure Ltd. The agreement value of the property was Rs.16,96,875/-, whereas the stamp valuation was Rs.12,82,473/-. A …
Read summaryFort Canning Investments Pte. Ltd. and Fort Canning Credit Investments Pte. Ltd. vs. Assistant Commissioner of Income-tax (International taxation) - 2(3)(1) Mumbai
ITA Nos. 2103 and 2104/MUM/2025Mumbai Bench27 Jan 2026The assessees, Fort Canning Investments Pte. Ltd. and Fort Canning Credit Investments Pte. Ltd., are tax residents of Singapore and are registered with SEBI as Category I Foreign Portfolio Investors. They made investments in Non-Convertible…
Read summaryElite Packaging vs Income Tax Officer Ward 17(3)(1)
ITA No.7240/Mum/2025Mumbai Bench16 Jan 2026The assessee, Elite Packaging, a partnership firm dealing in packaging materials, filed its return for the assessment year 2020-21. During the assessment proceedings, the Assessing Officer (AO) issued a notice under section 148 to seek clar…
Read summaryDY. Commissioner of Income Tax vs. Kanakia Spaces Realty Private Limited
ITA No. 6133/MUM/2025Mumbai Bench20 Jan 2026The case pertains to the assessment year 2011-12 where the Deputy Commissioner of Income Tax imposed a penalty on Kanakia Spaces Realty Private Limited for furnishing inaccurate particulars of income. The penalty was levied based on bogus p…
Read summaryDevi Manubhai Shah Vs Income Tax Officer – Circle 32(1), Mumbai
ITA No.7005/MUM/2025Mumbai Bench8 Jan 2026The case involves Devi Manubhai Shah, who filed a return of income for the Assessment Year 2012-2013 declaring a total income of Rs.24,04,600/-. The Assessing Officer initiated reassessment proceedings based on information received from the…
Read summaryITA No. 5983/Mum/2025 & CO No. 325/Mum/2025
ITA No. 5983/Mum/2025 & CO No. 325/Mum/2025Mumbai Bench22 Jan 2026The assessee, Anand Rathi Commodities Limited, is a company engaged in commodity broking. For Assessment Year 2018-19, the assessee filed its return of income declaring a loss. The case was selected for scrutiny, and the initial assessment …
Read summaryNovartis Healthcare Private Limited vs DCIT
ITA No. 7386/MUM/2025Mumbai Bench8 Jan 2026This appeal by the Revenue and cross-objection (C.O.) by the assessee are directed against the order of ld. CIT (A) dated 26.09.2025 for assessment year 2021-22. The Revenue has raised several grounds of appeal concerning the nature of the …
Read summaryDCIT, Central Circle 7(1), Mumbai - 400020 Vs. Supreme Holdings & Hospitality (India), 1, Pearl Mansion N 91, M. Karve Road, Marine Lines, Mumbai - 400020
ITA No. 3977/Mum/2025, 3978/Mum/2025, 3982/Mum/2025, 3983/Mum/2025Mumbai Bench23 Jan 2026The assessee, Supreme Holdings & Hospitality (India), is a listed resident corporate entity engaged in the Real Estate business. For the Assessment Year 2013-14, the assessee filed its Return of Income declaring a loss. A search and seizure…
Read summaryITA No. 6136/Mum/2024
ITA No. 6136/Mum/2024Mumbai Bench27 Jan 2026The assessee, Akshay Jayantilal Doshi, filed his return of income for Assessment Year 2022-23 declaring a total income of Rs. 3,83,99,630/-. A search and seizure action was conducted on 31.12.2021 under section 132 of the Income-tax Act, 19…
Read summaryDCIT Circle 1(2)(1), Mumbai Vs. MSPL Ltd.
ITA No.5433/Mum/2025Mumbai Bench28 Jan 2026The present appeal has been preferred by the Revenue against the order dated 06/06/2025 passed by the learned Addl./JCIT(A)-7, Kolkata, arising out of the reassessment framed under section 143(3) read with section 147 of the Income-tax Act,…
Read summaryDeputy Commissioner of Income Tax, Central Circle - 7(1) v. Yardley Investment and Trading Company Pvt. Ltd.
ITA No.4725/MUM/2025 & CO No.223/MUM/2025Mumbai Bench2 Jan 2026The case pertains to the assessment year 2013-14. The assessee, Yardley Investment and Trading Company Pvt. Ltd., filed its return of income on 30.08.2013, declaring a total income of Rs.6,19,520/-. A search and seizure operation under sect…
Read summaryDamyanti Atul Shah v/s Income Tax Officer, Ward – 20(1)(1)
ITA No.5891/MUM/2025Mumbai Bench12 Jan 2026The assessee, Damyanti Atul Shah, did not file her income tax return for the year in question. Her case was re-opened by the Income Tax Department under section 148 of the Income-tax Act, 1961, based on information from the Non-Filers of re…
Read summaryCosmopolitan Education Society vs. Assistant Commissioner of Income Tax
ITA No. 6707/MUM/2025 (AY: 2019-20)Mumbai Bench1 Jan 2026The assessee, Cosmopolitan Education Society, filed its return of income on 26.10.2019 claiming exemption of Rs. 19,19,54,063 under section 11 of the Income-tax Act, 1961. The Assistant Director of Income-Tax, CPC, Bangalore disallowed this…
Read summaryChandulal Navjibhai Patel Vs. Income Tax Officer, Ward 28(1)(1), Mumbai
ITA No.8372/Mum/2025Mumbai Bench12 Jan 2026The present appeal has been preferred by the assessee, Chandulal Navjibhai Patel, assailing the order dated 25.10.2025 passed by the National Faceless Appeal Centre, Delhi, arising out of the assessment framed under section 147 of the Incom…
Read summaryBombay Mercantile Co-operative Bank Ltd. vs. ITO (TDS)-Ward-19(1)(3)
ITA No. 3205/Mum/2025 & ITA No. 3206/Mum/2025Mumbai Bench7 Jan 2026The appeals were filed by Bombay Mercantile Co-operative Bank Ltd. against the order of the Additional/Joint Commissioner of Income Tax(A)-1, Ahmadabad, dated 16.10.2024, which in turn arises from the orders passed under section 201 by ITO(…
Read summaryBipin Futarmal Jain vs. DCIT
I.T.A. No. 7021/Mum/2025, I.T.A. No. 7022/Mum/2025, I.T.A. No. 7023/Mum/2025Mumbai Bench19 Jan 2026The assessee, Bipin Futarmal Jain, filed his return of income for AY 2017-18 declaring a total income of Rs. 13,75,820/-. A search and seizure action under section 132 of the Income Tax Act was conducted on the Rubberwala Group, revealing t…
Read summaryBina Ghosh vs Income Tax Officer
ITA No. 5877/MUM/2025 & ITA No. 5878/MUM/2025Mumbai Bench19 Jan 2026The assessee, Bina Ghosh, did not file an income tax return for the financial year relevant to Assessment Year 2016-17 as she had no taxable income. Her husband purchased a residential property, and her name was included in the sale deed. T…
Read summaryBharat Sevashram Sangha Vs Commissioner of Income Tax (Exemptions)
ITA No. 7363 & 7364/MUM/2025Mumbai Bench8 Jan 2026The assessee, Bharat Sevashram Sangha, filed two appeals against the orders of the learned CIT (E) Mumbai dated 30.09.2025. In ITA No.7364/M/2025, the assessee challenged the rejection of its application for registration under Section 12AB …
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