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 ...
HC adjudicated a dispute regarding conversion of shipping bills under Advance Authorisation Scheme to Draw Back Scheme. The court invalidated the rejection based on a prior Gujarat HC ruling that deemed the restrictive circular ultra vires constitutional provisions and Customs Act. The court directed reconsideration of 104 shipping bills by the original authority, mandating a merit-based order within 12 weeks and providing IOCL a personal hearing. While technically dismissing the appeal, the ruling effectively mandated a comprehensive review of the original administrative decision, ensuring procedural fairness and statutory compliance.
HC adjudicated a dispute regarding conversion of shipping bills under Advance Authorisation Scheme to Draw Back Scheme. The court invalidated the rejection based on a prior Gujarat HC ruling that deemed the restrictive circular ultra vires constitutional provisions and Customs Act. The court directed reconsideration of 104 shipping bills by the original authority, mandating a merit-based order within 12 weeks and providing IOCL a personal hearing. While technically dismissing the appeal, the ruling effectively mandated a comprehensive review of the original administrative decision, ensuring procedural fairness and statutory compliance.
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