Bimal Jain11 January 2025 at 12:59 The Hon'ble Gujarat High Court in the case of Kashi Exports v. Union of India (R/Special Civil Application No. 13480 of 2023 dated December 04, 2024) disposed of the petition where the Assessee was exporting goods under Letter of Undertaking ("LUT")...
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The NAREDCO has suggested wordings for the representation. According to the body, the wording should be like; Tax on development rights, such as TDR/JDA Long-term lease (premium), FSI shall be exempted According to NAREDCO, the concept of levying of ‘intermediate tax’ is not feasible and...