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 ...
Resolution process for Category II company IECCL initiated by IL&FS in January 2021 through Expression of Interest for acquisition of 42.25% shareholding. Process ongoing with participation of ICICI Bank as lead lender and Committee of Creditors meetings. Revised bid by Howen International Fund SPC under consideration by CoC. IECCL resolution process allowed to proceed, with liberty to ICICI Bank to raise objections on extinguishment of entire debt for mere 42.25% shareholding payment. Hearing on related application scheduled, excluding prayers regarding IECCL resolution which commenced in 2021 and to be completed irrespective of pendency.
Resolution process for Category II company IECCL initiated by IL&FS in January 2021 through Expression of Interest for acquisition of 42.25% shareholding. Process ongoing with participation of ICICI Bank as lead lender and Committee of Creditors meetings. Revised bid by Howen International Fund SPC under consideration by CoC. IECCL resolution process allowed to proceed, with liberty to ICICI Bank to raise objections on extinguishment of entire debt for mere 42.25% shareholding payment. Hearing on related application scheduled, excluding prayers regarding IECCL resolution which commenced in 2021 and to be completed irrespective of pendency.
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