https://www.taxtmi.com/caselaws?id=297372 The Supreme Court held that the respondents are liable to pay 50% unearned increase (UEI) upon transferring the plot due to a demerger. The Court interpreted clause 6(a) of the Lease Deed to include transfers without consideration, obligating UEI payment. Policy instructions on UEI apply to demergers, and the demand and show cause notices issued by the appellant were deemed valid and enforceable. The Single Judge's decision upholding the notices was reinstated, setting aside the Division Bench's judgment. en-us Wed, 24 Apr 2019 00:00:00 +0530 Tue, 31 Aug 2021 22:17:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297372 The Supreme Court held that the respondents are liable to pay 50% unearned increase (UEI) upon transferring the plot due to a demerger. The Court interpreted clause 6(a) of the Lease Deed to include transfers without consideration, obligating UEI payment. Policy instructions on UEI apply to demergers, and the demand and show cause notices issued by the appellant were deemed valid and enforceable. The Single Judge's decision upholding the notices was reinstated, setting aside the Division Bench's judgment. Case-Laws Companies Law Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297372