https://www.taxtmi.com/caselaws?id=420553 The court addressed issues related to a Company's exit from a Special Economic Zone (SEZ) in Gujarat, focusing on the responsibility for obtaining a No Objection Certificate (NOC) and tax liability under Rule 74 of SEZ Rules. The Company sought a provisional NOC due to business losses, with the court granting time for the Advocate General to consider this request. The court indicated a future examination of the legality of the tax liability if the matter advances to a merit-based contest. Further proceedings were scheduled for April 13, 2022. en-us Thu, 31 Mar 2022 00:00:00 +0530 Tue, 05 Apr 2022 09:08:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420553 The court addressed issues related to a Company's exit from a Special Economic Zone (SEZ) in Gujarat, focusing on the responsibility for obtaining a No Objection Certificate (NOC) and tax liability under Rule 74 of SEZ Rules. The Company sought a provisional NOC due to business losses, with the court granting time for the Advocate General to consider this request. The court indicated a future examination of the legality of the tax liability if the matter advances to a merit-based contest. Further proceedings were scheduled for April 13, 2022. Case-Laws Customs Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420553