by admin | Sep 2, 2024 | Uncategorized
Introduction The Negotiable Instruments Act 1881(“NI Act”) was brought in force to provide for law relating to promissory notes, bills of exchange, cheques, etc. Negotiable instruments have been used in business transactions for quite a long period of time and are a...
by admin | Sep 2, 2024 | Uncategorized
Introduction In the realm of commercial transactions, the quality of goods is paramount. Businesses depend on the timely delivery of goods that meet specified standards to operate efficiently and maintain their market reputation. However, there are instances where the...
by admin | Aug 13, 2024 | Uncategorized
Introduction In our article on “Debt versus Damages and Significance Thereof in Commercial Contracts-Part I”, we have expressed our views that understanding whether the amount specified in the contract is a debt or damages (liquidated or unliquidated) will enable the...
by admin | Aug 13, 2024 | Uncategorized
In our article titled as “Efficient Strategies for Expeditious Recovery of Monetary Dues in India”, we have addressed the subject of arduous and long process of traditional civil suit in India and have discussed various remedies for expeditious recovery of monetary...
by admin | Aug 13, 2024 | Uncategorized
Introduction The Export Oriented Units (EOU) scheme presents a valuable opportunity for businesses aiming to expand their reach into global markets. Designed to bolster export performance, the EOU scheme offers significant advantages, including tax exemptions and...
by admin | Aug 13, 2024 | Uncategorized
Introduction In the realm of commercial transactions, the terms ‘debt’ and ‘damages’ frequently arise, yet they are often misunderstood or conflated. Both concepts play crucial roles in the enforcement of contractual obligations, devising a strategy for recovery or...
by admin | Jul 25, 2024 | Uncategorized
In terms of modified instruction No. 1914 dated 21.03.1996 issued by CBDT, payment required to be made by the assessee as a precondition for a stay of demand disputed before CIT(A) is 20%.Many confuse this to be a precondition of absolute nature for obtaining a stay...
by admin | Jul 25, 2024 | Uncategorized
Introduction In our experience while dealing with corporate clients in representing them in an action for damages, contractual claims etc. in arbitration proceedings or in court of law and in advising them afterwards, we have seen many companies having a question as...
by admin | Jul 25, 2024 | Uncategorized
Reopening of an assessment concluded under section 143(1) or even under section 143(3)(Scrutiny Assessment) of the Income Tax Act, 1961 is a dreaded nightmare of any assessee. While there are many articles on the subject on the internet, the author seeks...
by admin | Jul 25, 2024 | Uncategorized
In this article, the author seeks to analyse how ITAT committed an error in its decision in the case of Milan Intermediaries LLP vs the Income Tax Officer, Ward- 2(1)(4), Ahmedabad on 26th July 2018. Why the author seeks to analyze a decision of ITAT from 2018...
