by admin | Mar 26, 2025 | Comprehensive Subject, Uncategorized
Table of Contents Legal framework Tax investigations Voluntary disclosure and amnesties Forum for tax disputes Filing a tax dispute Disclosure and privilege Evidence Proceedings? Remedies Appeals Costs, fees and funding International tax disputes Trends and...
by admin | Mar 26, 2025 | Comprehensive Subject, Uncategorized
Table of Contents What is Cryptocurrency? Definition of Virtual Digital Asset under the Income Tax Act, 1961 Difference in Taxation of Cryptocurrencies in India: Pre and Post-Budget 2022 Meaning of Transfer of Cryptocurrency for the Purpose of Section 115BBH of the...
by admin | Mar 11, 2025 | Comprehensive Subject
Table of Contents WHAT IS INSOLVENCY AND RESTRUCTURING, AND WHY ARE THESE CONCEPTS CRITICAL IN THE INDIAN CORPORATE LANDSCAPE? WHICH KEY LAWS GOVERN INSOLVENCY AND RESTRUCTURING IN INDIA? Does the Indian insolvency regime favour creditors or debtors? How does it...
by admin | Feb 26, 2025 | Drafting
Introduction A “No Oral Modification” (“NOM”) Clause is a contractual provision stipulating that any changes to the contract entered into, must be made in writing and signed by all parties involved. It is a boilerplate clause, found in generally all...
by admin | Jan 21, 2025 | Updates
Introduction The Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC) is designed to ensure a fair and transparent resolution of corporate insolvency while maximizing value for stakeholders. The case of SREI Equipment Finance...
by admin | Jan 21, 2025 | Updates
Introduction: The Insolvency and Bankruptcy Code, 2016 (IBC), mandates a comprehensive resolution process addressing the financial distress of the corporate debtor as a whole, rather than isolating individual projects. Confining insolvency proceedings to a single...
by admin | Jan 21, 2025 | Drafting
Introduction: In legal proceedings, referencing an incorrect provision can often raise concerns about the validity of the application. However, the law ensures that such errors should not prevent the court from addressing the merits of the case, particularly when it...
by admin | Jan 21, 2025 | Updates
Introduction: Under the Income Tax Act, the legal representatives of a deceased taxpayer may be held liable for the deceased’s tax obligations, including those arising from reassessment proceedings. Section 159 of the Act allows such proceedings to continue...
by admin | Jan 21, 2025 | Updates
Introduction Pre-CIRP obligations refer to liabilities incurred before the commencement of the Corporate Insolvency Resolution Process (CIRP), such as unpaid electricity dues, taxes, and lease rentals. These liabilities are addressed under the Insolvency and...
by admin | Jan 21, 2025 | Updates
Introduction Arbitration has become a preferred method for resolving disputes, particularly in business and partnership agreements. In the present case, it is titled Prikshit Wadhwa and Ors. v. Vinod K. Wadhwa explored the legal issues surrounding the invocation of...
