Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
The Central Government rescinds a prior SEZ notification under the Special Economic Zones Act and SEZ Rules, effecting de-notification of the entire specified SEZ land parcel proposed by a private developer; this rescission is subject to preservation of actions lawfully done or omitted before rescission. The rescission follows the developer's proposal to de-notify, a State Government No Objection Certificate and a recommendation from the Development Commissioner. The de-notified land will thereafter conform to the State Government's land use guidelines/master plan.
The Central Government rescinds a prior SEZ notification under the Special Economic Zones Act and SEZ Rules, effecting de-notification of the entire specified SEZ land parcel proposed by a private developer; this rescission is subject to preservation of actions lawfully done or omitted before rescission. The rescission follows the developer's proposal to de-notify, a State Government No Objection Certificate and a recommendation from the Development Commissioner. The de-notified land will thereafter conform to the State Government's land use guidelines/master plan.
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