"25 April 2021" Archive

Use of liquid oxygen not allowed for non-medical purpose: MHA

40-6/2020-DM-I(A) 25/04/2021

State/ Union Territory Governments and State/ Union Territory Authorities to ensure that use of liquid oxygen is not allowed for any non-medical purpose and that all manufacturing units may maximise their production of liquid oxygen, and make it available to the Government for use for medical purposes only...

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MHA Limiting Use Of Liquid Oxygen For Medical Purpose Only

Notification No. 40-3/2020-DM-I(A) 25/04/2021

And whereas, it has been considered necessary to restrict industrial usage of oxygen for ensuring availability of adequate and uninterrupted supply of medical oxygen across the country for management of COVID-19 patients and necessary order in this regard was issued on 22.04.2021 to restrict the use of industrial oxygen;...

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TDS on Purchase or TCS on Sale: Hassle?

People generally refer hassle as an irritating inconvenience. And the taxpayers are facing a similar inconvenience to apprehend the applicability of the provisions of TDS on Purchase or TCS on Sale on a single transaction. Last year in Finance Act 2020, Government has introduced Sub-Section (1H) in Section 206C which provide for the colle...

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Posted Under: Corporate Law |

Fair and Equitable Treatment in International Investment law

The standard of fair and equitable treatment has been one of the most controversial clauses of bilateral investment treaties (BITs). This paper investigates the relationship between the minimum standard of treatment and the FET standard as well as when states began referring to the former in their BITs....

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Posted Under: Corporate Law |

Why Do Merger And Acquisitions Fail?

A merger is an agreement that unites two existing entities into a new company. The main motive of merger and acquisition is to expand the company, by either getting its market shares or by expanding new segments of the company....

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Posted Under: Corporate Law |

Procedural lapses by NeAC- Good grounds of appeal against Faceless Assessment Order

Procedural lapses by NeAC- Good grounds of appeal against Faceless Assessment Order The first cycle of Faceless Assessment Scheme  is about to be over. A number of orders have already been passed upto the date of this article (April 21). The experience of tax professionals with faceless assessment till now  is by and large OK […]...

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Posted Under: Corporate Law |

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