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Week No.
30
Week Duration
Sat, 25/07/2020 - 12:00 - Fri, 31/07/2020 - 12:00
Rulings
ITAT: CIT(A) not precluded from entertaining additional claims, not made in ROI; Remits matter for re-adjudication
ITAT: Land sale by assessee engaged in property liasoning, assessable as business income; Rejects Sec.50C applicability
ITAT:Gross revenue, not net income, relevant for calculating Trust's set apart amount u/s. 11(1)
ITAT:Reverses LTCG offered on subsequently cancelled property-sale; Upholds assessee's right to claim reversal
HC:Sec. 40(a)(ia) amendment extending payment upto ROI due-date, curative and 'retrospective'
ITAT:No TDS u/s. 194C on Newspaper co.'s payment for purchase of saleable advertising space in TOI publication
Rate:

Week 30 - 2020

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