The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) held that salary received in India by a non-resident for services rendered entirely in Malaysia is not taxable in India. The Tribunal observed that under Section 9(1)(ii) of the Income-tax Act, 1961, salary income accrues where services are performed, not where payment is received. It […]
In the October edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, corporate affairs and labour. Below are the key highlights of the newsletter: SEBI UPDATES SEBI revises framework for social stock exchange SEBI notifies the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2025 […]
In a significant judgment, the Delhi High Court upheld validity of disallowance of late deposit of employees’ contribution towards EPF and ESI made vide intimation issued under section 143(1) of the Income-tax Act, 1961. Citing judgment of the Supreme Court in the case ofCheckmate Services (P) Ltd deciding allowability of aforesaid deduction in favour of the Revenue, the High Court held that adjustments in relation to incorrect claims can be […]
In Pernod Ricard India Pvt. Ltd. & Anr. v. Karanveer Singh Chhabra (2025 INSC 981), the Supreme Court dismissed the appeal challenging the Madhya Pradesh High Court’s refusal to grant an interim injunction against the use of the mark “London Pride”. The Court held that “Pride” is a generic and laudatory term widely used in […]
We are pleased to share with you our latest Customs and GST Alert, covering recent judgments and regulatory updates. We trust that you will find the same useful. Looking forward to receiving your valuable feedback. For any clarification, please write to: Mr. Shammi Kapoor Senior Partner [email protected] Mr. Arnab Roy Partner [email protected]
The Delhi High Court, in Yatra Online Ltd. v. Mach Conferences & Events Ltd., dismissed a plea to restrain use of “BookMyYatra”, holding that “Yatra”, meaning travel, is generic and not monopolizable under trademark law. The Court noted that Yatra’s registrations already disclaim exclusivity over the word and that long use since 2006 had not […]
