RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
A joint development agreement alone does not trigger a transfer for capital gains purposes where possession is handed to the developer only for carrying out development and no consideration has been received or accrued to the landowner. The tribunal applied prior appellate and high court authorities to conclude that in the absence of consideration or possession transferred in the manner required to create equitable title, there is no accrual of capital gains in the year of the JDA; accordingly, no taxable capital gains arose for the year under consideration and the appeal was decided for the assessee.
A joint development agreement alone does not trigger a transfer for capital gains purposes where possession is handed to the developer only for carrying out development and no consideration has been received or accrued to the landowner. The tribunal applied prior appellate and high court authorities to conclude that in the absence of consideration or possession transferred in the manner required to create equitable title, there is no accrual of capital gains in the year of the JDA; accordingly, no taxable capital gains arose for the year under consideration and the appeal was decided for the assessee.
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