Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
The BoA for SEZs ratified the minutes of its previous meeting and granted a one-year extension of validity of the Letter of Approval for an SEZ unit that had completed construction and installation but awaited USFDA-related commencement. It approved an increase in development rights and land area for an existing co-developer at GIFT-SEZ, subject to SEZ terms and tax examination by the assessing authority. The Board also approved partial de-notification of land from an IT/ITES SEZ, permitted multiple demarcations of processing built-up area as non-processing area under Rule 11B after repayment of duty benefits and issue of no-dues certificates, approved merger of two adjacent sector-specific SEZs into one multi-sector SEZ, and remanded an appeal against cancellation of a unit's LoA for fresh decision after reasonable hearing.
The BoA for SEZs ratified the minutes of its previous meeting and granted a one-year extension of validity of the Letter of Approval for an SEZ unit that had completed construction and installation but awaited USFDA-related commencement. It approved an increase in development rights and land area for an existing co-developer at GIFT-SEZ, subject to SEZ terms and tax examination by the assessing authority. The Board also approved partial de-notification of land from an IT/ITES SEZ, permitted multiple demarcations of processing built-up area as non-processing area under Rule 11B after repayment of duty benefits and issue of no-dues certificates, approved merger of two adjacent sector-specific SEZs into one multi-sector SEZ, and remanded an appeal against cancellation of a unit's LoA for fresh decision after reasonable hearing.
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