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Wednesday, 19 May 2021

Daily digest for Gupta Chandan & Associates, on May 19, 2021

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posted: "INCOME TAX : SLP dismissed against impugned order of High Court holding that consideration received on settlement of case of property usurped by relatives was taxable as capital gainINCOME TAX : SLP dismissed against impugned order of High Court holding "
posted: "FEMA amp; BANKING : Where property attached under PMLA was purchased in year 2004 and owner took a plea that since PMLA, 2002 was not in existence, same could not be made applicable to property which was acquired prior to coming into force of PMLA, part"

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