Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Writ relief against a private cryptocurrency exchange was refused because the dispute was found to be essentially private and commercial, even though many investors were said to be affected. The exchange entities were held not to be State under Article 12, as they were neither created, financed nor controlled by the State, and taxation of virtual digital assets did not change that position. The Court also declined regulatory mandamus and investigation by CBI or SIT. Claims for release of funds and compensation involved disputed facts, proof of loss and quantification, so they were left to civil, consumer or other competent fora. The appeal was dismissed.
Writ relief against a private cryptocurrency exchange was refused because the dispute was found to be essentially private and commercial, even though many investors were said to be affected. The exchange entities were held not to be State under Article 12, as they were neither created, financed nor controlled by the State, and taxation of virtual digital assets did not change that position. The Court also declined regulatory mandamus and investigation by CBI or SIT. Claims for release of funds and compensation involved disputed facts, proof of loss and quantification, so they were left to civil, consumer or other competent fora. The appeal was dismissed.
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