In Ashok & Ors. v. Padam Chand & Ors., SLP (C) No. 18146 of 2025, the Supreme Court clarified that an arbitral award rendered during the pendency of a civil suit, without obtaining the Court’s leave under Section 21 of the Arbitration & Conciliation Act, 1940, cannot be enforced to non-suit the plaintiff. The Court […]
In Vodafone Idea Limited v. Indian Performing Right Society Limited (2026:CHC:OS:170-DB), the Calcutta High Court held that telecom operators cannot offer caller tunes or ringtones solely based on licences for sound recordings. The Court clarified that separate authorisation is required for the underlying literary and musical works, as lyricists and composers retain independent rights under […]
The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a revised Standard Operating Procedure on May 4, 2026, to streamline and digitise the processing of Foreign Direct Investment proposals requiring prior Government approval under India’s FDI regime. The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a revised Standard […]
The Ministry of Labour & Employment has notified the Code on Wages (Central) Rules, 2026 and the Industrial Relations (Central) Rules, 2026 on May 08, 2026, operationalising key provisions of the Code on Wages, 2019 and the Industrial Relations Code, 2020. The new rules introduce significant compliance requirements relating to minimum wages, working hours, overtime, […]
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 ITAT, in EM Delta One, has held that short-term capital gains earned by a Mauritius-based FPI from trading in index-based derivatives are not taxable in India under Article 13(4) of the India–Mauritius DTAA. Rejecting the tax department’s attempt to tax such gains as share-related income under Article 13(3A), the Tribunal clarified that derivatives and […]
