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...
Post-export amendment of shipping bills to change the scheme code from drawback to RoSCTL was treated as permissible under Section 149, because the three-month limit in Circular No. 36/2010 was not supported by valid law. The text notes that time limits for such amendments could be prescribed only through regulations under Section 157, and that later 2025 regulations reinforced that position. On that basis, the adjudicating authority's decision allowing the amendment was upheld and the Revenue's challenge was rejected.
Post-export amendment of shipping bills to change the scheme code from drawback to RoSCTL was treated as permissible under Section 149, because the three-month limit in Circular No. 36/2010 was not supported by valid law. The text notes that time limits for such amendments could be prescribed only through regulations under Section 157, and that later 2025 regulations reinforced that position. On that basis, the adjudicating authority's decision allowing the amendment was upheld and the Revenue's challenge was rejected.
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