India’s Supreme Court treats telecom licence fees as a capital expense – major pain ahead
Download .pdf In the Bharti Hexacom case, India’s Supreme Court (the “SC”) has held that the variable licence fee that was paid annually by...
Are home buyers financial creditors under the IBC?
Download .pdf Recently, in the case of Vishal Chelani & Ors. v. Debashis Nanda (Civil Appeal No. 3806 of 2023), India’s Supreme Court (SC) ruled...
RBI proposes a revamp on the framework applicable to wilful defaulters
Download .pdf Last month, the Reserve Bank of India (the “RBI”) released a draft Master Direction (the “Draft Direction”) proposing revisions to the...
Angel tax valuation rules notified
Download .pdf By its notification dated September 25, 2023, the Central Board of Direct Taxes (CBDT) has amended Rule 11UA of the Income-tax Rules,...
AI in Indian courts – a slow start
Download .pdf Generative Artificial Intelligence (“AI”) technologies, such as ChatGPT, are often celebrated as transformative forces across various...
Drugs, Medical Devices and Cosmetics Bill, 2023: An attempt at modernizing the regime governing medical products
Download .pdf Background The Drugs, Medical Devices and Cosmetics Bill, 2023 (the “Drugs Bill”) seeks to replace the Drugs and Cosmetics Act, 1940...