This issue examines a consistent judicial theme in contemporary criminal law: coercive powers must be exercised strictly within statutory and constitutional limits. The Delhi High Court has clarified that Look Out Circulars cannot be used as instruments of debt recovery. Mere loan default or financial distress, without allegations of fraud or serious economic wrongdoing, cannot […]
We are pleased to share our latest Tax Alert analysing the Taxation and Other Laws (Amendment) Bill, 2026, as passed by the Lok Sabha on 6 August 2026. In this edition, we analyse the proposed amendments, inter alia, to the Income-tax Act, 2025. Notably, the Bill proposes eased conditions for foreign companies procuring data centre […]
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 Madras High Court has held that compensation received for withdrawing a legal notice and relinquishing the right to sue is a capital receipt and is therefore not chargeable to tax under the Income-tax Act, 1961. The Court observed that while non-compete fees are taxable under Section 28(va), compensation received pursuant to other negative covenants […]
In South Delhi Municipal Corporation v. M/s Delhi Gurgaon Super Connectivity Limited (EX.P. 23/2017), the Delhi High Court held that an Expert Board Report cannot be executed as an arbitral award, decree, or any other executable determination merely because it was prepared pursuant to consent orders passed under Section 9 of the Arbitration and Conciliation […]
In Sandip v. State of Maharashtra (2026:BHC-NAG:7651-DB), the Bombay High Court quashed an FIR registered against persons accused of dealing in counterfeit branded goods, holding that allegations relating to the sale of goods bearing counterfeit trademarks cannot, by themselves, attract offences under the Copyright Act. Drawing a clear distinction between copyright infringement and trademark infringement, the Court observed that the […]
