We are pleased to share with you recent judgments passed by Hon’ble Delhi High Court on the maintainability of application under Section 9 of Arbitration and Conciliation Act, 1996 for seeking interim reliefs from Courts. In the case of Ashwani Minda And M/S Jay Ushin Limited v. M/S U-Shin Limited And M/S Minebea Mitsumi Inc., […]
Central Board of Direct Taxes has notified that the conditions to avail the safe harbour under section 9A of the Income Tax Act, 1961 shall not be applicable in case of an investment fund set up by a Category-I foreign portfolio investor (FPI) registered under the Securities and Exchange Board of India (Foreign Portfolio Investors) […]
“Justice delayed is Justice denied” and quiet aptly, it applies to the controversy revolving around the amount on which interest is to be levied for delayed payment of tax under the Central Goods and Services Tax Act, 2017 (the ‘CGST Act’). Goods and Services Tax (‘GST’) was introduced with the intention of ease of doing […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the recent notifications issued by the Central Board of Indirect Tax and Customs (the ‘Board’) whereby the Board has sought to extend certain reliefs provided earlier under Indirect Taxes due to COVID-19 and resultant difficulties. To […]
We are pleased to share with you the copy of our latest edition of “TaxBuzz”. The Government has recently released a notification dated 24.06.2020 under The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 wherein time limitations for various compliances under the Income Tax and allied laws have been extended. The extended limitations […]
The High Court of Delhi (“DHC”) in the case of Inox Leisure Limited v. PVR Limited (decided on May 18, 2020) held that an injunction seeking interference with the contractual relations of parties, without an explicit law in place, would violate the fundamental rights under Article 19(5) of the Constitution of India (“Constitution”). Facts Inox […]
