Mumbai – smeaccountant

ITAT Mumbai Rules Against Using Third-Party Statements as Sole Basis for Tax Additions

Blog

ITAT Mumbai Rules Against Using Third-Party Statements as Sole Basis for Tax Additions

ITAT Mumbai rules third-party statements alone cannot justify tax additions, emphasizing the need for corroborative evidence in tax assessments.

Prasenjit Bhowmik June 7, 2026

Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL in Landmark Tax Ruling

Blog

Mumbai ITAT Grants ₹96.23 Crore Relief to MSEDCL in Landmark Tax Ruling

Mumbai ITAT's landmark ruling grants MSEDCL ₹96.23 crore tax relief, clarifying prior period expense deductibility for businesses.

Prasenjit Bhowmik June 4, 2026

Mumbai ITAT Rules Commercial Income on MSRTC Land Classified as Business Revenue

Blog

Mumbai ITAT Rules Commercial Income on MSRTC Land Classified as Business Revenue

Mumbai ITAT clarifies that commercial income from MSRTC land leases is business revenue, not house property income, impacting tax classification.

Prasenjit Bhowmik June 4, 2026

ITAT Mumbai Overturns Assessment Order Over Procedural Fairness Violations

Blog

ITAT Mumbai Overturns Assessment Order Over Procedural Fairness Violations

ITAT Mumbai overturned an assessment order, citing procedural fairness violations and emphasizing the taxpayer's right to be heard in tax cases.

Prasenjit Bhowmik June 1, 2026