by Majmudar & Partners | Sep 7, 2016 | Corporate/M&A, Tax
Introduction In a recent ruling in the case of Banca Sella SpA (AAR No. 1130 of 2011 dated August 17, 2016), India’s Authority for Advance Rulings (“AAR”) has held that, although the Indian branch office (“IBO”) of a foreign company is a capital asset for tax...
by Majmudar & Partners | Sep 1, 2016 | Disputes and Arbitration
Introduction Recently, in three (3) identical matters (two (2) of which were filed by the Board of Control for Cricket in India (“BCCI”) against Rendezvous Sports World and Kochi Cricket Private Limited, respectively,) where the award-debtors sought to dismiss the...
by Majmudar & Partners | Jul 28, 2016 | Corporate/M&A
Introduction The real estate sector is the driving force behind the growth of the Indian economy. It is the second largest employment generator and GDP contributor in the country. In the most generic sense, real estate business means buying and selling of...
by Majmudar & Partners | Jul 15, 2016 | Tax
Introduction Reducing tax litigation has been a key focus area for the Modi government. Several initiatives have been taken by the Central Board of Direct Taxes (the “CBDT”) in the recent past to significantly reduce disputes and provide relief to taxpayers involved...
by Majmudar & Partners | Jun 24, 2016 | Foreign Investment
Introduction India’s foreign investment regime has been liberalized significantly in the last couple of years. On June 20, 2016, the Indian government announced a host of reforms to further liberalize foreign investment in the defence, pharmaceuticals, retail...
