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 petitioner was denied benefit under the MEIS Scheme due to an inadvertent mistake where the relevant entry was left blank by the employees of the Customs Broker. The court held that since the respondents had not examined the petitioner's case due to the inadvertent error, it was expedient to direct the respondent to undertake fresh examination of the 16 EDI shipping bills, treating the petitioner's submissions as a 'Yes'. The petitioner and/or authorized representative would be given an opportunity for a personal hearing and to provide relevant documents and clarifications sought by the respondent. The petition was disposed of accordingly.
The petitioner was denied benefit under the MEIS Scheme due to an inadvertent mistake where the relevant entry was left blank by the employees of the Customs Broker. The court held that since the respondents had not examined the petitioner's case due to the inadvertent error, it was expedient to direct the respondent to undertake fresh examination of the 16 EDI shipping bills, treating the petitioner's submissions as a 'Yes'. The petitioner and/or authorized representative would be given an opportunity for a personal hearing and to provide relevant documents and clarifications sought by the respondent. The petition was disposed of accordingly.
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