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Articles

Our attorneys and specialists remain up-to-date with the latest legal developments and offer their perspectives and critical commentary.

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Direct Tax

Tax bonanza for Telecom companies?

August 25 2016

Honourable Delhi High Court in a recent decision [see End Note No. 1] has held that the deduction under Section 80-IA(2A) for telecommunication companies is also available with respect to various ancillary income such as liquidated damages, interest, sale of directories and extra-ordinary items of i

Regulatory Laws

Real Estate (Regulation and Development) Act, 2016 – A Comment

August 25 2016

The land-population disparity heralded great demand in the real estate sector in India. This demand clubbed with the dearth of a proper vigilance mechanism ramified the real estate sector into a money minting ground.

Intellectual Property Rights

Controller overreach or common sense? - A tale of Section 83 of the Patents Act

August 23 2016

In IPR Amicus Issue No. 49, dated August 2015, the interplay between the Biological Diversity Act, 2002 (BDA), and intellectual property rights in India, specifically, the Patents Act, 1970 (Act) was broadly explored, with particular reference to biological inventions.

GST – Designing a compliance friendly regime

August 18 2016

India is now poised to introduce its biggest indirect taxes reform by launching the Goods and Services Tax regime.

International Trade & WTO

Causal Link Analysis: An Examination

August 10 2016

The Indian anti-dumping authorities in recent findings in sunset review investigations concerning imports of Acetone [see end note 1] and Phenol [see end note 2] recommended the discontinuation of the duty as, among other things, factors other than dumped imports from the subject country were found

Direct Tax

New Foreign Tax Credit Rules – certain grey areas

July 29 2016

Recently, the Central Board of Direct Tax (‘CBDT’) has issued a notification [see end note 1] notifying Rules [see end note 2] for granting of Foreign Tax Credit (‘FTC’) to resident taxpayers on income earned in foreign jurisdiction (hereinafter referred as ‘foreign income’).

Intellectual Property Rights

Light at the end of the tunnel for Computer-Related Inventions?

July 29 2016

In the May edition of IPR Amicus, we commented on the continued ambiguity in the examination of computer-related inventions (CRIs) by the Indian Patent Office [see end note 1].

Insolvency

Corporate Insolvency Procedure – A Comment

July 27 2016

From the Justice Eradi Committee report of 1999 to the Department of Financial Services’ indicator of October 2015, the pendency of winding-up cases in India has been piling up to reach an alarmingly high level of backlog [see end note 1].

GST – Ensuring credit without artificial fetters

July 26 2016

At the time when this article is being written, the air is thick with optimism and hope that Constitutional Amendment Bill on Goods & Services Tax (GST) will be passed by the Rajya Sabha in this monsoon session itself.

International Trade & WTO

Impact of the Brexit on trade

July 12 2016

On 23 June 2016, the United Kingdom (UK) decided by referendum to leave the European Union (EU).

GST – A turning point for India

June 29 2016

India is now poised to launch the next generation reform on the indirect tax front. Fiscal policy experts and economists have confirmed that a comprehensive and broad based consumption tax on supply of goods and services, collected at each stage of value added within the supply chain, is the best m

Regulatory Laws

Alternative Remedy for Imported Coal Price Escalation

June 29 2016

Of all the available sources of power generation like coal, nuclear, hydro, natural gas, and the renewable energy sources like solar, wind etc., coal continues to be the major and cost effective source of power generation in India,

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