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...
Imported goods held up by Customs or statutory processes should trigger early intimation to the importer or Customs Broker about the Section 49 storage facility, with custodians/CFSs issuing reminders where goods remain uncleared and maintaining records. Applications under Section 49 are to be examined expeditiously, with prompt grant where no impediment exists and consultation with other authorities where required; reasons for refusal must be recorded and communicated. The notice also standardises issuance of detention/demurrage waiver certificates after verification, including the relevant period, reasons and status details. It creates no automatic right to waiver or Section 49 relief and does not alter Section 48 procedures for uncleared goods.
Imported goods held up by Customs or statutory processes should trigger early intimation to the importer or Customs Broker about the Section 49 storage facility, with custodians/CFSs issuing reminders where goods remain uncleared and maintaining records. Applications under Section 49 are to be examined expeditiously, with prompt grant where no impediment exists and consultation with other authorities where required; reasons for refusal must be recorded and communicated. The notice also standardises issuance of detention/demurrage waiver certificates after verification, including the relevant period, reasons and status details. It creates no automatic right to waiver or Section 49 relief and does not alter Section 48 procedures for uncleared goods.
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