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Concerned officers to verify the claim of transitional credit on merits and pass appropriate orders after granting an opportunity to be heard to the taxpayers...
Clasis Law
A Single Judge bench of the Delhi High Court has recently, in the case of JA Entertainment Pvt Ltd vs MS Sithara Entertainment and Ors. held that dubbing of a movie based on assigned copyright work by another person, ...
Agama Law Associates
The clause of the unilateral appointment of an arbitrator goes fundamentally against the well-known principle of "A man cannot be appointed as a judge in his own cause".
Khaitan & Co LLP
The Securities Exchange Board of India (SEBI) in furtherance of its objective to strengthen the process of security creation, enhance the monitoring of security created and covenants...
LexCounsel Law Offices
The Goods and Services Tax ("GST") law has undergone various changes in the recent months. But the recent imposition of GST on room rent paid by patients at hospitals has raised many concerns.
Khaitan & Co LLP
With a view to curbing inadvertent trades in the securities of a listed entity during the trading window closure period (Blackout Period), the Securities and Exchange Board of India (SEBI) has...
Khaitan & Co LLP
In a recent order passed by the National Company Law Appellate Tribunal, Principal Bench (NCLAT), dismissing two appeals in Sudip Dutta @ Sudip Bijoy Dutta v. State Bank of India...
Khaitan & Co LLP
The Reserve Bank of India (RBI), on 6 July 2022, issued a press release on liberalisation of forex flows and announced a slew of measures to increase foreign exchange inflows into India. Following such press release...
Economic Laws Practice
Industry was keenly awaiting the decisions of the 47th GST Council meeting which took place after a long six-month gap from the previous meet. The response to the GST Council recommendations has been a ...
Tuli & Co
An arbitral award can be set aside under §34 of the Arbitration and Conciliation Act 1996 on limited grounds and a further appeal lies under §37.
Bharucha & Partners
In simple terms, money laundering is the conversion of proceeds of crime into assets which appear to have a legitimate origin. The processes include concealment, removal, disguising, transfer, possession, etc.
A recent judgment of the Bombay High Court dealing with a dispute regarding Letters of Credit (LOC), sheds valuable light and guidance on the duty of bankers make payment under the credit.
The Dharwad bench of the Karnataka High Court on July 5, 2022,1 dismissed an intra-court appeal challenging the validity of the Karnataka Government's order increasing the ...
Khaitan & Co LLP
This is a recording of our third M&A Masters series webinar on Public M&A in India today.
Khaitan & Co LLP
This was the first webinar in our 2022 M&A Masters Series. This webinar discussed specific issues of interest to private equity and financial sponsors in Indian M&A including investment strategies, valuations, deal process, regulation, and market dynamics.
Majmudar & Partners
In the Air India Limited case, the Delhi High Court has, once again, reiterated that for payments made by an Indian tax resident to a non-resident, the Indian payor will be correct in applying the withholding tax rate ...
Anand & Anand
The introduction of the Goods and Services Tax (GST) has been a very ambitious step for the taxation ecosystem in India. While the pros and cons have been debated ever since GST was ...
Tuli & Co
A three-judge Bench of the Supreme Court has set aside an arbitral tribunal's §16 order on the ground that it failed to consider the applicability of the "group of companies" doctrine.
BTG Legal
Like the flying car or the new ‘Game of Thrones' novel, India's new data privacy law had been described as being ‘almost ready' and ‘a few months away' for a very long time!
Obhan & Associates
Payment and settlement systems are essential for the smooth functioning of financial markets, individual remittances, financial inclusion and growth of the economy...
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