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GST Cafe | Recent developments under Goods and Services Tax during the pandemic Covid-19

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 […]

Taxbuzz | The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020

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 […]

High Court of Delhi: An injunction against contractual relations of two parties in absence of law would violate Article 19(5) of The Constitution of India

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 […]

Supreme Court : Waiver of right to object jurisdiction of arbitral tribunal after an award has been passed, upon failure to raise such objection during arbitration proceedings

The Supreme Court of India (“SC”) by its judgement in the matter of Quippo Construction Equipment Limited v. Janardan Nirman Private Limited (decided on April 29, 2020) set aside the judgement dated February 14, 2019 passed by the Calcutta High Court (“CHC”). The SC held that a party was deemed to have waived its right […]

High Court of Delhi : Doctrine of frustration under Section 56 of the Indian Contract Act,1872 is not applicable to lease agreements

The High Court of Delhi (“DHC”) has, by its judgement dated May 21, 2020 (“Judgement”), held thatthe doctrine of frustration under Section 56 of the Indian Contract Act, 1872 (“ICA”) is inapplicable to lease agreements as it can be applied to only “executory contracts” and not “executed contracts”. Facts Brief facts of the case are […]

NCLAT : Balance Sheet entry cannot be treated to be an acknowledgement under Section 18 of the Limitation Act, 1963

The National Company Law Appellate Tribunal (“NCLAT”) has, in the case of V. Padmakumar v. Stressed Assets Stabilisation Fund and Others (dated March 12, 2020) held that an entry in balance sheet/ annual return , cannot be treated to be an acknowledgement under Section 18 of the Limitation Act, 1963 (“Limitation Act”). Facts This question […]