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Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
HC dismissed the petition challenging Policy Circular No. 06/2018 and subsequent Show Cause Notice as premature. The court held that the Show Cause Notice was a consequential proceeding related to an original order by DGFT, and therefore, premature judicial intervention was unwarranted. No interim relief was granted, and the petition was dismissed in limine, leaving the petitioner free to challenge the original DGFT order through appropriate legal channels.
HC dismissed the petition challenging Policy Circular No. 06/2018 and subsequent Show Cause Notice as premature. The court held that the Show Cause Notice was a consequential proceeding related to an original order by DGFT, and therefore, premature judicial intervention was unwarranted. No interim relief was granted, and the petition was dismissed in limine, leaving the petitioner free to challenge the original DGFT order through appropriate legal channels.
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