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...
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De-notification of 1.18 hectares from an IT/ITES Special Economic Zone under the Special Economic Zones Act and applicable SEZ rules is effected, reducing the SEZ area to 1.59 hectares. The de-notified parcel (Sy. No. 31/1, Chikkankannelli) has state government concurrence and a Development Commissioner recommendation, and will be repurposed for IT infrastructure outside the SEZ while conforming to state land use plans. The Central Government records statutory satisfaction with the prescribed prerequisites and formally amends the notified SEZ area accordingly.
De-notification of 1.18 hectares from an IT/ITES Special Economic Zone under the Special Economic Zones Act and applicable SEZ rules is effected, reducing the SEZ area to 1.59 hectares. The de-notified parcel (Sy. No. 31/1, Chikkankannelli) has state government concurrence and a Development Commissioner recommendation, and will be repurposed for IT infrastructure outside the SEZ while conforming to state land use plans. The Central Government records statutory satisfaction with the prescribed prerequisites and formally amends the notified SEZ area accordingly.
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