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CIT v. Global Estate (2020) 114 taxmann.com 95 (MP)(HC) Editorial : Operation of the High Court order is stayed Global Estate v. CIT (2020) 270 Taxman 178 (SC)

S. 80IB(10) : Housing projects-Completion certificate-Issuance of completion certificate after cut-off date by Local Authority but mentioning date of completion of certificate before cut-off date did not fulfil condition specified in clause (a) of section 80-IB(10) read with Explanation (ii)-Not entitle to deduction. (Order of High Court is stayed)

CIT v. Rajkot Jilla Gayatri Parivar Trust (2020) 117 taxmann.com 121 (Guj.)(HC) Editorial : SLP of revenue is dismissed, CIT v. Rajkot Jilla Gayatri Parivar Trust (2020) 272 Taxman 99 (SC)

S. 80G : Donation-Registration-Religious nature-Granting registration is held to be valid. [S. 80G(5)]

CIT (E) v. Seth Vinod Kumar Somani Charitable Trust (2020) 113 taxmann.com 142 (P. & H.) (HC) Editorial : SLP of revenue is dismissed, CIT(E) v. Seth Vinod Kumar Somani Charitable Trust (2020) 269 Taxman 59 (SC)

S. 80G : Donation-Exemption cannot be denied on the ground that the assessee is generating surplus and spending only the small portion for charitable purposes-Order of Tribunal is affirmed. [S. 12AA, 80G(5)(vi)]

CIT v. Zila Sahkari Bank Ltd. (2019) 112 taxmann.com 403 (All.)(HC) Editorial : SLP of revenue is dismissed, CIT v. Zila Sahkari Bank Ltd (2020) 269 Taxman 55 (SC)

S. 80 : Return for losses-Return filed under old form-Carry forward of loss cannot be denied. [S.139(1)]

Torrent Finance (P.) Ltd. v. ACIT (2020) 115 taxmann.com 256 (Guj.)(HC) Editorial : SLP of revenue is dismissed, ACIT v. Torrent Finance (P.) Ltd (2020) 272 Taxman 190 (SC)

S. 73 : Speculation business-Dividend income-Stock in trade-Can be set off against loss suffered in share trading business. [S. 56, 70, 71]

Sushil Bansal v. PCIT (2020) 115 taxmann.com 225 (Delhi) (HC) Editorial : SLP of revenue is dismissed, Sushil Bansal v. PCIT (2020) 274 Taxman 1 (SC)

S. 69C : Unexplained expenditure-Failure to explain source of capitation fee paid to a medical college for admission of son-Addition is held to be justified.

Shashi Garg v. PCIT (2020) 113 taxmann.com 92 (Delhi) (HC) Editorial : SLP of assessee is dismissed, Shashi Garg v. PCIT (2020) 269 Taxman 26 (SC)

S. 69A : Unexplained money-Huge cash withdrawal-Failure to explain satisfactorily the source of cash deposit-Addition is held to be justified.

PCIT v. Mubarak Kasam Momin (2020) 117 taxmann.com 133 (Bom.)(HC) Editorial : SLP of revenue is dismissed due to low tax effect, PCIT v. Mubarak Kasam Momin (2020) 272 Taxman 103 (SC)

S. 69A : Unexplained money-Gift from brother-Received through banking channel-Deletion is held to be justified.

PCIT v. Emm Vee Infrastructures (India) (P.) Ltd. (2020) 114 taxmann.com 194 (All.)(HC) Editor : SLP of revenue is dismissed due to low tax effect, PCIT v. Emm Vee Infrastructures (India) (P.) Ltd (2020) 269 Taxman 470 (SC)

S. 68 : Cash credits-Share capital-Genuineness of identities of investor companies is established-Deletion of addition is held to be justified.

PCIT v. Manishaben N. Mashru (2020) 117 taxmann.com 119 (Guj.)(HC) Editorial : SLP of revenue is dismissed due to low tax effect, PCIT v. Manishaben N. Mashru (2020) 272 Taxman 94 (SC)

S. 68 : Cash credits-Commission-Received through banking channels-Deletion of addition by Tribunal is held to be valid. [S. 260A]