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 ...
Cancellation of grant of authorised operations of warehousing service activities - Section 16 of the SEZ Act, 2005 - The High Court found that the impugned letter, which suspended D.T.A. clearance, lacked legal basis. It observed that the respondents failed to cite any provision of the SEZ Act to justify their actions. - Consequently, the Court quashed and set aside the impugned order dated 01st November, 2023. It directed the respondents to proceed with the adjudication of the show-cause notice dated 08th January, 2024, in accordance with the law.
Cancellation of grant of authorised operations of warehousing service activities - Section 16 of the SEZ Act, 2005 - The High Court found that the impugned letter, which suspended D.T.A. clearance, lacked legal basis. It observed that the respondents failed to cite any provision of the SEZ Act to justify their actions. - Consequently, the Court quashed and set aside the impugned order dated 01st November, 2023. It directed the respondents to proceed with the adjudication of the show-cause notice dated 08th January, 2024, in accordance with the law.
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