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    SBS Wiki E Journal July 2021

    SBS Wiki E Journal July 2021

    In this edition, we bring you, an article on the recent judgment of Honourable Madras High Court in the matter of Greenwood Owners Association, wherein the High Court has turned down the plea of tax authorities that the exemption notification has to be construed in a different manner than desired. This judgment brings a respite to the Resident Welfare Associations, who are often got caught up on what amounts tax has to be paid. This judgment brings more clarity and certainty.

    The next article ison the recent judgment of Honourable Mumbai Tribunal in the matter of Morgan Stanley, where the tax treaties are called for interpretation. In his excellent analysis, Mr Pramod Kumar, has held that the treaty can be applied even though the resident of contracting state is not making the payment of income, as long as the income is subjected to tax in that state.

    I hope that you will have good time reading this edition and please do share your feedback. I will also urge clients to mail us topics or issues on which you want us to deliberate in our future editions, so that we can contribute to the same.

    Key Topics:

    INTERNATIONAL TAXATION

    GST

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