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...
The HC held that the respondent-authorities breached the interim order by disposing of the 3 gold bars confiscated from the petitioner in November 2022. Instead of demanding an explanation, the HC directed the respondent-authorities to pay the prevailing market price of the goods sold in violation of the order if the petitioner succeeds in appeal or revision. The petition was disposed of.
The HC held that the respondent-authorities breached the interim order by disposing of the 3 gold bars confiscated from the petitioner in November 2022. Instead of demanding an explanation, the HC directed the respondent-authorities to pay the prevailing market price of the goods sold in violation of the order if the petitioner succeeds in appeal or revision. The petition was disposed of.
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