De-notification of Customs Area and termination of Container Freight Station custodian and Customs Cargo Service Provider authority effective 07-01-20...
Transition support services from corporate spinoff for India business segment - TP adjustment deleted; comparables reassessed; goodwill depreciation, ...
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HC dismissed the writ petition filed by a foreign citizen of Indian origin challenging the legality of an immovable property acquisition and RBI's acceptance of Form IPI-7. It held the petition non-maintainable as the Division Bench, in prior RFAs between the same parties, had already adjudicated that the impugned transaction complied with FERA and RBI's Notification, including remittance through NRO/NRE/FCNR accounts and RBI's conditional acceptance of repatriation. The HC refused to reopen issues finally decided in the appeals and further noted that the petitioner was seeking relief under the repealed FERA beyond the limitation in FEMA s.49(3). The writ petition was dismissed, liberty being reserved to pursue other appropriate remedies.
HC dismissed the writ petition filed by a foreign citizen of Indian origin challenging the legality of an immovable property acquisition and RBI's acceptance of Form IPI-7. It held the petition non-maintainable as the Division Bench, in prior RFAs between the same parties, had already adjudicated that the impugned transaction complied with FERA and RBI's Notification, including remittance through NRO/NRE/FCNR accounts and RBI's conditional acceptance of repatriation. The HC refused to reopen issues finally decided in the appeals and further noted that the petitioner was seeking relief under the repealed FERA beyond the limitation in FEMA s.49(3). The writ petition was dismissed, liberty being reserved to pursue other appropriate remedies.
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