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New Compounding Provisions for Foreign Contribution Offenses
Compounding provisions under Foreign Contribution (Regulation) Act, 2010 amended w.e.f. 01.07.2022 – 5 new offences now made compoundable...
Mar 2, 20232 min read
Customs (Assistance in Value Declaration of Identified Imported Goods) Rules, 2023
The trend of undervaluing imported goods, for the purpose of evading customs duty or for other ulterior purposes, has been on a constant...
Feb 12, 20235 min read
Online Gaming: Proposed changes in tax law
The Finance Bill 2023, tabled on 1st February 2023, has proposed several changes to the tax regime applicable to online gaming - both for...
Feb 2, 20234 min read
Merchanting Trade in India
Merchanting trade, more popularly known as 'intermediary trade', is a common trading model yet becoming increasingly difficult for...
Jan 31, 202312 min read
[Delhi HC] Evasive replies during interrogation cannot disentitle a person from the grant of bail
The Delhi High Court, in Bindu Rana vs Serious Fraud Investigation 2023 SCC OnLine Del 276 , has recently held in a decision that evasive...
Jan 30, 20233 min read
Online Gaming: Draft Amendments to IT Intermediary Rules
Online gaming law in India has been a highly contested legal field due to the statutory development being at the nascent stage. Many...
Jan 27, 20237 min read
The 1st thing startups should do is to put in place a founders' agreement.
Putting in place a short, simple agreement between the founders (also known as " founders' agreement ") of any startup right from the...
Jan 22, 20235 min read
[SC] Property not exempt under SARFAESI Act if merely shown as agricultural land in revenue records
The Supreme Court has recently held in K Sreedhar v Raus Construction Pvt Ltd 2023 SCC OnLine SC 13 that merely because certain...
Jan 20, 20234 min read
MCA proposes key changes to IBC, seeks public comments
The Ministry of Corporate Affairs (MCA) has, vide its notice dated 18th January 2023, proposed key amendments to the Insolvency and...
Jan 19, 20234 min read
CBDT extends time for compliance with sections 54 to 54GB in view of Covid-19
The Central Board of Direct Taxes (CBDT) has extended the time for filing compliance documents for the purpose of claiming any exemption...
Jan 18, 20231 min read
Separation of trials: Key legal and practical issues
Analysis of the legal and practical issues surrounding the separation of trial of an accused who is absconding from the trial.
Jan 17, 20237 min read
[SC] Writ petition challenging reassessment cannot be dismissed merely based on alternative remedy
The Supreme Court of India recently, in Red Chilli International Sales v ITO [2023] 146 taxmann.com 224 (SC), set aside a judgment of...
Jan 17, 20232 min read