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Archive: January, 2024

Posts in January, 2024

Data Pooling Impact on Competition Law: Pros, Cons & Solutions

January 18, 2024 1090 Views 0 comment Print

Explore scope of data pooling under competition law, evaluating benefits, risks, and solutions. Learn how it alters business models and affects industry competitiveness.

Gratuity forfeiture is not automatic; it hinges on conditions outlined in Gratuity Act, 1972

January 18, 2024 2722 Views 0 comment Print

Explore the Union Bank Vs CG Ajay Babu case (2018) on gratuity forfeiture. Detailed analysis on conditions, legal aspects, and judgment under Gratuity Act, 1972.

Process of closure of an LLP in India

January 18, 2024 3810 Views 2 comments Print

Learn the step-by-step process of closing an LLP in India. From assessing reasons to ROC approval, our guide covers legal, financial, and procedural steps for a smooth closure.

Delhi HC: Mutual Fund Transactions Treated as Investments, Not Business Activities

January 18, 2024 1341 Views 0 comment Print

A pivotal ruling affirming ITAT’s stance on mutual funds transactions as investments and capital contributions not deemed as dividend under Section 2(22)(e) of the Income-tax Act for AY 2006-07.

Interim Budget 2024 Expectations: Taxation and Deduction Reforms

January 18, 2024 1590 Views 0 comment Print

Anticipating changes in Interim Budget 2024: Expectations include increased basic exemption, enhanced investment-linked deductions, and revised limits for medical premiums.

Court’s Directions Binding on the Authorities: Gujarat HC

January 18, 2024 963 Views 0 comment Print

Gujarat High Court rules that authorities must adhere to court directions. Analysis of Real Price Spintex vs Union of India case.

Evidence Adequacy Disputes Inadmissible in Article 226 Proceedings: Madras HC

January 18, 2024 777 Views 0 comment Print

Madras High Court dismisses Writ Petition (WP No. 198 of 2024) by Malar International on the grounds that adequacy of evidence cannot be addressed under Article 226.

Revenue Department Can’t Block ITC Beyond One Year: Karnataka HC

January 18, 2024 1497 Views 0 comment Print

Karnataka High Court ruling: Revenue cannot block Input Tax Credit (ITC) for more than one year. Details of S.P. Metals vs Asst. Commissioner of Central Tax case.

Section 506 IPC Offense in Uttar Pradesh are Cognizable – Allahabad HC

January 18, 2024 2223 Views 0 comment Print

Allahabad High Court’s Lucknow Bench declares Section 506 IPC offense in Uttar Pradesh as cognizable. Learn the judgment details and legal implications.

Post-Restructuring Compliance Steps: NCLT-Approved M&A

January 18, 2024 7917 Views 0 comment Print

Navigate post-merger/demerger challenges! Learn NCLT-approved restructuring compliance steps, key issues in financial consolidation, stamp duty, ITR-A filing, and more.

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