TaxBuzz | Interest paid on Capital Borrowed Outside India for Overseas Investment NOT exigible to tax in India – Assessee eligible for Refund of TDS: Delhi HC

We are pleased to share with you a copy of our in-house publication – “TaxBuzz”, wherein we have analysed the recent ruling of the Delhi High Court in the case of Sun Pharmaceuticals Industries Limited 2025:DHC:564-DB, wherein, the Hon’ble High Court has held that interest paid by an Indian Company on capital borrowed outside India […]

Supreme Court Resolves Regulatory Ambiguity Between IBC and the Competition Act

The Competition Act, 2002 mandates the Competition Commission of India (“CCI”) to regulate large sized mergers and acquisitions beyond high value thresholds (in terms of assets or turnovers) prescribed for “combinations” under the Competition Act, 2002 (“the Act”) to assess whether such transactions could adversely affect competition in the relevant markets, It is an ex-ante […]

TaxBuzz | Validity of Reassessment Initiated on Assumption of Facts

We are pleased to share with you a copy of our in-house publication – “TaxBuzz”. In this edition, we have analyzed the recent judgment rendered by the Delhi High Court in the case of Grid Solutions OY, wherein reassessment proceedings initiated on the basis of findings of survey conducted in a different assessment year and […]

Standard Setting Forum for AIFs Releases Implementation Standards for Offering of Differential Rights to AIF Investors

Securities and Exchange Board of India (“SEBI”), vide its notification dated November 18, 2024, had notified the SEBI (Alternative Investment Funds) (Fifth Amendment) Regulations, 2024 (“AIF Amendment Regulations”), thereby amending the SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”). The amendments were introduced with respect to maintaining pro-rata and pari-passu rights of investors in a […]

SEBI Updates FAQs for Grant of Registration as AIF and Taking on Record PPM of the Scheme

In January 2025, Securities and Exchange Board of India (“SEBI”), has updated FAQs for grant of registration as an alternative investment fund (“AIF”) and taking on record private placement memorandum (“PPM”) of the scheme (“Updated FAQs”). As per the Updated FAQs, the applicants are required to pay the application fees through online mode available on […]