Member Articles

The Finance Minister unveiled the Indian Union Budget for 2024-25 yesterday. Please find below the summary of the same. Also, click here to view the highlights: Summary: The Final Budget 2024 was introduced by the new ...

Union Budget 2023 has set the standards of fiscal prudence maintained by the Finance Minister Nirmala Sitharaman. Our finance minister has managed to deliver the balanced Union Budget despite the fact that a lot was ridi ...

In an attempt to curb opportunistic takeovers/acquisitions of Indian companies, the Government of India issued Press Note No. 3 (2020 Series) dated April 17, 2020, restricting foreign direct investment from Neighbouring ...

Background The Chandigarh Bench of National Company Law Tribunal (“NCLT”) rejects Income-tax Department’s (“ITD”) plea to deny sanction to amalgamation by invoking General Anti Avoidance Rules (“GAAR”) and ...

The Hon’ble Supreme Court of India recently held that an Indian company1 is liable to pay Service tax under reverse charge mechanism for secondment of employees by foreign group companies to an Indian company as it wil ...

Prior to Finance Act, 2021, Section 148 of the Indian Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) dealt with issue of notice where income has escaped assessment within the timelines defined under Sect ...