Supreme Court settles debate on moratorium under insolvency code for cheque dishonor cases
Background and Issue Whether the initiation of insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC) imposes a moratorium on...
The importance of share valuation report in Indian transactions
In two interesting cases, one from the Delhi High Court and the other from the Chennai Income Tax Appellate Tribunal (the “Chennai ITAT”), the...
India’s Supreme Court settles dispute on royalty tax withholding in India
With regard to an over two-decade-old software royalty tax dispute, India’s Supreme Court (“SC”) has ruled that software payments made by Indian...
New rules for digital media intermediaries: how far is too far?
Background On February 25, 2021, the Indian government unveiled the Information Technology (Guidelines for Intermediaries and Digital Media Ethics...
Important changes to India’s Corporate Social Responsibility regime
In April 2014, the Indian government introduced a detailed corporate social responsibility (“CSR”) regime as a part of the then newly introduced...
Payment for offshore services are taxable in India: AAR
Recently, in the case of Technip France SA, the Authority for Advance Rulings (the “AAR”) dealt with the issue of taxability in India of an offshore...