Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
DGFT inserts five notes under SIONs M-1 to M-8 for gems and jewellery products, with immediate effect, to regulate Advance Authorisation for gold imports. A maximum quantity limit of 100 kilograms is prescribed for gold import under Advance Authorisation. First-time applicants must undergo mandatory physical inspection of their manufacturing facility, and subsequent authorisations are to be considered only after at least 50% of the export obligation under prior gold authorisations is fulfilled. The holder must file fortnightly performance reports certified by an independent Chartered Accountant, while the Regional Authority must send monthly consolidated reports to DGFT Headquarters for monitoring.
DGFT inserts five notes under SIONs M-1 to M-8 for gems and jewellery products, with immediate effect, to regulate Advance Authorisation for gold imports. A maximum quantity limit of 100 kilograms is prescribed for gold import under Advance Authorisation. First-time applicants must undergo mandatory physical inspection of their manufacturing facility, and subsequent authorisations are to be considered only after at least 50% of the export obligation under prior gold authorisations is fulfilled. The holder must file fortnightly performance reports certified by an independent Chartered Accountant, while the Regional Authority must send monthly consolidated reports to DGFT Headquarters for monitoring.
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