Wednesday, 30 May 2018

DIPP's "narrow" eligibility criteria for Budgetary Support Scheme in J&K, under HC scanner

J&K HC admits challenge to the narrow eligibility criteria stipulated for industrial units to avail DIPP’s Budgetary Support Scheme in the State of J&K; Scheme, which was introduced in October 2017, debars units that did not commence commercial production before July 1, 2017; Petitioner has invoked principle of promissory estoppel while contesting said cut-off date; HC has issued notice to Revenue, while posting the matter for hearing on June 5 

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Mere execution of JDA with developer does not trigger capital gains tax in real estate transactions

  Recently Bangalore ITAT recently delivered an important ruling clarifying that merely executing a Joint Development Agreement (JDA) does n...