https://www.taxtmi.com/caselaws?id=330278 The allotment conditions and Rules barred transfer of the allotted site for the stipulated period without permission, and the Court treated the shareholding and control changes, together with the undisclosed Teledata-linked arrangement, as evidence of concealment and evasion. It applied the principle of lifting the corporate veil where corporate entities were used to mask the real nature of the transaction, and held that the transfer restrictions had been breached. The resumption order was therefore valid, and interference by the High Court was found to be unwarranted. en-us Wed, 11 May 2016 00:00:00 +0530 Wed, 20 Nov 2019 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330278 The allotment conditions and Rules barred transfer of the allotted site for the stipulated period without permission, and the Court treated the shareholding and control changes, together with the undisclosed Teledata-linked arrangement, as evidence of concealment and evasion. It applied the principle of lifting the corporate veil where corporate entities were used to mask the real nature of the transaction, and held that the transfer restrictions had been breached. The resumption order was therefore valid, and interference by the High Court was found to be unwarranted. Case-Laws Indian Laws Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330278