Search
Judicial Interpretation of Long-Term Capital Gain Exemption and MAT Computation under IT Act
This case clarifies the interplay between LTCG exemptions under Section 10(38) and MAT computations under Section 115JB of the IT Act.
Jan 1, 20253 min read
UK Supreme Court’s Stance on Freedom of Contract and Force Majeure: Clarifying ‘Reasonable Endeavour’ in Force Majeure Clauses
The UK Supreme Court clarifies the limits of 'reasonable endeavours' in force majeure clauses, balancing freedom of contract and certainty.
Jan 1, 20255 min read
Supreme Court’s Interpretation of Financial Debt under the IBC
The Supreme Court clarifies financial debt under the IBC, recognising obligations in a Deed of Hypothecation as enforceable guarantees.
Dec 31, 20244 min read
Delhi ITAT Clarifies on Taxability of Digital Services Under the India-Singapore DTAA
Delhi ITAT rules that digital service receipts under the India-Singapore DTAA are not ‘royalty’ or ‘FTS’, offering clarity on taxability.
Dec 31, 20245 min read
India-US DTAA: Delhi High Court on ‘Preparatory’ and ‘Auxiliary’ Activities Under Article 5
Delhi HC clarifies the scope of ‘preparatory’ and ‘auxiliary’ activities under the India-US DTAA, focusing on Permanent Establishments.
Dec 31, 20245 min read
Permanent Establishment or Misconception? ITAT Clarifies the 120-Day Rule
Does the 120-day rule always create a Permanent Establishment? ITAT clarifies the criteria for taxation under the India-USA DTAA.
Dec 30, 20244 min read
Supreme Court on Section 195 of the CrPC: Applicability Limited to Judicial Courts, Not Tribunals
The Supreme Court clarified that private complaints for false declarations in quasi-judicial forums aren't barred by section 195 of the CrPC
Dec 28, 20243 min read
Supreme Court: Unasked and Unwarranted Relief in Matrimonial Disputes
The SC addresses irretrievable breakdown and cruelty. It grants unexpected relief, sparking debate on judicial discretion in matrimony.
Dec 28, 20245 min read
NCLAT Validates Differential Treatment of Operational Creditors in CIRP for Commercial Viability
NCLAT confirms that operational creditors can be treated differently if justified by commercial rationale and compliant with IBC safeguards.
Dec 28, 20245 min read
ITAT Delhi Rules on Non-Resident Taxation: Source-Based Income from Indian Entities Liable to Tax Despite DTAA Protection
The ITAT Delhi clarifies that Section 5(2) prevails over Section 9(2) for non-resident taxation when the income source is in India.
Dec 27, 20242 min read
The Conflict of Interest in Representing Multiple Accused Persons in Criminal Matters
In criminal cases, especially in economic offences, it is common to see one lawyer representing multiple accused persons. While this may appear convenient, the practice raises serious concerns about conflict of interest, attorney-client privilege, and the fairness of proceedings. This Insight explores why joint representation is problematic, how it can undermine the rights of the accused, and what the legal position on the issue is.
Dec 27, 20245 min read
SEBI Data Sharing Policy 2024
SEBI introduces a uniform data-sharing policy for MIIs, ensuring transparency, privacy, and access to securities market data for research.
Dec 27, 20244 min read