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Bench must refrain from making any uncharitable observation on a decision: SC

June 19, 2020 1200 Views 0 comment Print

S. Kasi Vs State (Supreme Court ) Learned Single Judge in the impugned judgment erred in holding that the lockdown announced by the Government of India is akin to the proclamation of Emergency. The view of the learned Single Judge that the restrictions, which have been imposed during period of lockdown by the Government of […]

Multiple independent residential units in same building can be treated as one residential unit for section 54F Exemption

June 18, 2020 7230 Views 4 comments Print

Multiple independent residential units in same building can be treated as one residential unit for section 54F Exemption and usage of the property has to be considered in determining whether it is a residential property or a commercial property 

Anti-dumping investigation concerning imports of Black Toner in powder form

June 18, 2020 960 Views 0 comment Print

Preliminary Findings in the Anti-dumping investigation concerning imports of ‘Black Toner in powder form’ originating in or exported from China PR, Malaysia and Chinese Taipei.

Butterfly Valves (Quality Control) Order, 2020

June 17, 2020 6066 Views 1 comment Print

The goods or articles specified in column (1) of the Table below shall conform to the corresponding Indian Standard as specified in column (2) of the said Table and shall bear the Standard Mark under a licence from the Bureau of Indian Standard as per Scheme-I of Schedule-II of BIS (Conformity Assessment) Regulations, 2018:

Consider Only Dividend bearing Securities for Section 14A disallowance R.W. Rule 8D(2)(iii)

June 17, 2020 1515 Views 0 comment Print

In the light of judgment of Coordinate Bench of ITAT Kolkata in the case of REI Agro Ltd, we note that only dividend bearing securities should be considered for disallowance under rule 8D(2)(iii) of I.T. Rules.

RBI proposes changes in regulations applicable to HFCs

June 17, 2020 1671 Views 0 comment Print

a. Defining principal business and qualifying assets for HFCs; b. Defining the phrase ‘providing finance for housing’ or ‘housing finance’; c. Classifying HFCs as systemically important (asset size of ₹500 crore & above) and non-systemically important (asset size less than ₹500 crore); and d. Reserve Bank’s directions on Liquidity Risk framework &, LCR, securitisation, , for NBFCs, to be made applicable to HFCs.

Brand Equity judgment continue to apply despite retrospective amendment to Section 140: Delhi HC

June 16, 2020 4812 Views 0 comment Print

Delhi High Court in its judgment pronounced today has held that judgment in Brand Equity will continue to apply  in-spite of retrospective amendment to Section 140 by The Finance (Amendment) Act, 2020.

SEBI (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020

June 16, 2020 1950 Views 0 comment Print

1. These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020. 2. They shall come into force on the date of their publication in the Official Gazette.

Law of Temporary, Perpetual and mandatory injunction

June 16, 2020 50013 Views 0 comment Print

Law of Injunctions : Temporary Injunction including ex-parte temporary injunction, Perpetual Injunction and mandatory injunction 1. The law of injunction in our country is having its origin in the Equity Jurisprudence inherited from England who borrowed it from Roman Law. It is basic principle of our law that if there is a right there should […]

Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2020 

June 15, 2020 6255 Views 0 comment Print

(i) These Regulations may be called the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2020. (ii) They shall come into force from the date of their publication in the Official Gazette.

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