DID THE APEX COURT GIVE AN EXPLICIT EXAMPLE IN THIS REGARD?

The SC quoted an example of real estate developer, ABW Infrastructure Limited. The developer purchased 33.5 acres and controlling stake in private companies (who had earlier bought it from land owners) with regards to two licenses (283 and 284). The land was bought from these companies for about Rs 17.70 crore and the developer also paid Rs 5.45 fee to the government. But the developer received more than Rs 150 crore by transferring the two licenses (283 and 284) to DLF Home Developers, a phenomenal earning for an applicant who reportedly paid income tax only once during past three years. ABW Infrastructure Limited paid Rs 119 crore under settlement cum cancellation of agreement to sell.