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...
Classification of imported goods - plastic regrind - waste or not - restricted goods or prohibited goods - The Tribunal acknowledges the restrictions on the import of plastic waste under the Foreign Trade Policy (FTP) but finds that the lower authorities failed to provide sufficient evidence to justify the classification of the disputed goods as 'waste.' As a result, the Tribunal sets aside the decision to confiscate the goods. - The Tribunal deems the proposed destruction of goods as unlawful under the Customs Act, 1962, and orders the goods to be released to the importer.
Classification of imported goods - plastic regrind - waste or not - restricted goods or prohibited goods - The Tribunal acknowledges the restrictions on the import of plastic waste under the Foreign Trade Policy (FTP) but finds that the lower authorities failed to provide sufficient evidence to justify the classification of the disputed goods as 'waste.' As a result, the Tribunal sets aside the decision to confiscate the goods. - The Tribunal deems the proposed destruction of goods as unlawful under the Customs Act, 1962, and orders the goods to be released to the importer.
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