‘Disclosures’ – a dichotomy for Directors
This article was written on the back-drop of recent news that Apple Inc may face a lawsuit for the alleged concealing of falling demand for iPhones, especially in China, leading…
This article was written on the back-drop of recent news that Apple Inc may face a lawsuit for the alleged concealing of falling demand for iPhones, especially in China, leading…
The news item that was reported in newspapers in the middle of May 2020 on the High Court of Karnataka at Bengaluru’s (single bench) dismissal of the petitions filed by…
There has always been, and which will continue in the foreseeable future, an ideological conflict between means and ends i.e. whether adoption of disproportionate and abnormal means justify intentions and…
The Finance Act 2020 re-introduced the classical system of taxation of dividend income under the Income Tax Act, 1961 (IT Act) and accordingly, with effect from 1 April 2020, dividend…
Section 54 of the Income-tax Act, 1961 (“Act”) provides exemption from long-term capital gains arising to a specified assessee on the transfer of a long-term capital asset upon construction of…
India is one of the emerging market and new hub for Startups. Government of India intended to build a strong ecosystem that is conducive for the growth of startup businesses,…
The hon’ble Supreme Court in Rampyari Devi Saraogi, Kalawati Devi Harlalka and Tara Devi Agarwal (infra) adjudicated that assessment orders passed by the AOs are erroneous and liable for revision,…
The provisions related to reassessment u/s 147 to 151 of the Income Tax Act, 1961 (hereinafter referred as “the Act”) has been the most litigated piece of legislation and this…