by Majmudar & Partners | Apr 2, 2024 | Tax
Download .pdf In a recent ruling in the Bharti Cellular Limited case (the “Taxpayer”), India’s Supreme Court has held that because a “principal-agent” relationship does not exist between the Taxpayer and the distributor, the discounts offered by the Taxpayer on SIM...
by Majmudar & Partners | Mar 27, 2024 | Technology, Telecommunication and Media
Download .pdf In the case of Kunal Kamra v. Union of India, on January 31, 2024, the petitioners challenged the constitutional validity of the 2023 amendment (the “2023 Amendment”) made to Rule 3(1)(b)(v) (pertaining to due diligence by an intermediary) (the “Impugned...
by Majmudar & Partners | Feb 21, 2024 | Tax
Download .pdf India’s Finance Minister introduced a specific tax regime for virtual digital assets (“VDAs”) in the Finance Bill 2022. Section 2(47A) of the Income-tax Act, 1961 (the “IT Act”) was brought in and defines VDAs to mean any information or code or number or...
by Majmudar & Partners | Dec 14, 2023 | Disputes and Arbitration
A seven-judge bench of the Supreme Court has overruled the judgement of a five-judge bench rendered in April this year in N.N.Global Mercantile Pvt. Ltd. v M/s. Indo Unique Flame Ltd. And Ors., in which a 3:2 majority held that arbitration agreements on which...
by Majmudar & Partners | Dec 13, 2023 | General, Technology, Telecommunication and Media
Download .pdf Last month, the Ministry of Information and Broadcasting (the “MIB”) released the draft Broadcasting Services (Regulation) Bill, 2023 (the “Bill”) proposing a consolidated framework to regulate all modes of broadcast, including digital cable TV,...
