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 ...
The High Court ruled on the legality and validity of decisions taken by the Policy Relaxation Committee (PRC) regarding non-submission of the "Bill of Export" document. The court held that if the party can show proof of supply to the SEZ Unit, then non-submission of the "Bill of Export" cannot be treated as non-discharge of proof of Export Obligation (EO) of Advance Authorisation (AA) under the Foreign Trade Policy (FTP). The petitioner was granted two weeks to submit the required documents, which the respondents will examine and issue the EODC within four weeks if the documents are in order. If the respondents have any queries, they shall provide a personal hearing with at least three working days' notice. The petition was disposed of accordingly.
The High Court ruled on the legality and validity of decisions taken by the Policy Relaxation Committee (PRC) regarding non-submission of the "Bill of Export" document. The court held that if the party can show proof of supply to the SEZ Unit, then non-submission of the "Bill of Export" cannot be treated as non-discharge of proof of Export Obligation (EO) of Advance Authorisation (AA) under the Foreign Trade Policy (FTP). The petitioner was granted two weeks to submit the required documents, which the respondents will examine and issue the EODC within four weeks if the documents are in order. If the respondents have any queries, they shall provide a personal hearing with at least three working days' notice. The petition was disposed of accordingly.
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