Capital Gain Deductibility: proportionate IPO and PMS expenses held allowable against capital gains where netting and nexus to transfer are establishe...
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The Central Government has de-notified 7.1826 hectares of a previously notified Information Technology SEZ in New Kolkata Township Rajarhat under the Special Economic Zones Act, 2005 and SEZ Rules, 2006, reducing the SEZ area to 3.2987 hectares. The de-notified plot was approved by the State government and recommended by the Development Commissioner; the land is to be converted to domestic tariff area use. The notification records fulfilment of statutory prerequisites and effects the formal removal of the specified land from SEZ status, with the remaining area continuing as the SEZ.
The Central Government has de-notified 7.1826 hectares of a previously notified Information Technology SEZ in New Kolkata Township Rajarhat under the Special Economic Zones Act, 2005 and SEZ Rules, 2006, reducing the SEZ area to 3.2987 hectares. The de-notified plot was approved by the State government and recommended by the Development Commissioner; the land is to be converted to domestic tariff area use. The notification records fulfilment of statutory prerequisites and effects the formal removal of the specified land from SEZ status, with the remaining area continuing as the SEZ.
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