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Saturday, 4 December 2021

Daily digest for Gupta Chandan & Associates, on December 4, 2021

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posted: "INCOME TAX : Where land was purchased by company in name of company and director for commercial expediency and benefit of company and it was not a case that any loan was given to director, addition in his hands invoking provision of section 2(22)(e) was u"
posted: "The CBIC has issued guidelines for disposal of seized/confiscated gold (other than gold ornaments/jewellery/articles). It has now been decided that seized/confiscated gold will be sold (other than gold ornaments/jewellery/articles) to Reserve Bank of Indi"

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