The National Company Law Appellate Tribunal (“NCLAT”) has in the judgement dated April 7, 2022 (“Judgement”), in the matter of M/s. Genius Security and Allied Services v. Shivadutt Bannanje and Another [Company Appeal (AT) (Insolvency) No. 110 of 2021] held that nil payment to operational creditors is permissible under the resolution plan if the liquidation […]
So, has Google got it wrong this time? Recently, the Delhi High Court rapped the internet giant for “threatening” to sue the fair market regulator, the Competition Commission of India (CCI), for the “leak” of the confidential investigation report of its investigative arm, the director general, to the media, leading to headline stories in India. […]
Mr. Neeraj Jain and Ms. Shaily Gupta of Vaish Associates, Advocates, discuss the recent legislative amendments which have expanded the scope of the Equalization Levy in India, explaining the unintended results and resulting uncertainty. …
“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 […]
Since the inception of Goods and Services Tax (‘GST’) in 2017, leviability of GST on director’s remuneration has been an ambiguous subject. The question lies in whether services provided by the director to a company is required to be treated as ‘services by an employee to the employer in the course of or in relation […]
We are pleased to share with you copy of latest article titled “Thin Capitalization Rules in India: Interest(ing) Limitations” co-authored by Mr. Neeraj Jain, Partner and Mr. Aditya Vohra, Principal Associate, Direct Tax team. The article has been published by Tax Management International Journal (49 TMIJ 4, 04/10/2020). To read the article, click at Download […]
