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Saturday, 20 March 2021

Daily digest for Gupta Chandan & Associates, on March 20, 2021

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posted: "Payments made to the non-resident software manufacturer / supplier and the tax aspects therein have been a subject matter of dispute for over two decades. This controversy is now set to rest by the recent Supreme Court (SC) ruling. The Hon'ble SC affirmed"
posted: "FEMA, BANKING amp; INSURANCE : Where appellants were real owners of property attached under section 5 of PMLA but they were neither summoned nor notice was sent by Enforcement Directorate (ED), there was a clear violation of principle of natural justice a"
posted: "INCOME TAX : Where assessee sold plots of land and declared LTCG, however, a reopening notice was issued on ground that plots of land sold by assessee were included in block of assets on which depreciation was charged and sale consideration was more than "

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