Bombay High Court Quashes CBDT Circular: Condition of ‘Limine’ added to Appeal is Contrary to Direct Tax Vivad Se Viswas Act, 2020 The Bombay High Court has quashed a circular dated 4 December, 2020, issued by the Central Board of Direct Tax (CBDT) to the extent that it restricts appeals to those dismissed in ‘limine’
... Continue Reading.
Karnataka High Court: Power to Block Tweets & Accounts Under IT Act is Not Tweet Specific; Extends to User Accounts in Their Entirety The Karnataka High Court by its single Judge Justice Krishna S Dixit has dismissed the petition filed by Twitter Inc, challenging the blocking orders issued to it by the Ministry of Electronics
... Continue Reading.
Karnataka High Court: Sales Tax Exemption Certificate Cannot Be Rescinded Before Expiry Date Being a Sovereign Assurance The Karnataka High Court by its division judge’s bench of Justices P.S. Dinesh Kumar and C.M. Poonacha, has held that the sales tax exemption certificate which is valid for 7 years, could not have been rescinded before the
... Continue Reading.SUPREME COURT REITERATES THAT THE WAITING PERIOD OF 6 MONTHS TO FILE SECOND MOTION APPLICATION FOR DIVORCE BY MUTUAL CONSENT CAN BE WAIVED OFF AT THE DISCRETION OF THE COURT A two-Judge Bench of the Supreme Court comprising of Justice Indira Banerjee and Justice J. K. Maheshwari passed a judgement dated 11.12.2021, in Amit Kumar
... Continue Reading.SUPREME COURT HOLDS VODAFONE OFFSHORE TRANSACTION NOT TAXABLE A three Judge Bench of the Supreme Court comprising of Chief Justice of India (CJI) S. H. Kapadia, Justice Swatanter Kumar and Justice K.S. Radhakrishnan in the matter of Vodafone International Holdings B.V. vs Union of India & Anr. Civil Appeal No.733 Of 2012, passed a Judgment
... Continue Reading.DELHI HIGH COURT IMPOSES COSTS ON DEFENDANTS FOR FRIVOLOUSLY FILING AMENDMENTS IN WRITTEN STATEMENTS WITHOUT PERMISSION OF COURT In a recent case, Hon’ble Justice Chandra Dhari Singh of the Delhi High Court, pronounced a Judgment dated 12.06.2023, in the matter of Yogesh Kumar vs Davender Kumar Relan And Ors [ I.A. No. 11118/2020 ], and
... Continue Reading.LIABILITY OF INSURANCE COMPANIES AS HELD BY THE SUPREME COURT An insurance company is always ready and willing to repudiate a claim made by an insurer on some pretext or the other. In this article, we are discussing two Supreme Court cases that have discussed the liability of the insurance company. Most insurance companies while
... Continue Reading.SUPREME COURT HOLDS WINDING UP PROVISIONS UNDER COMPANIES ACT 2013 NOT APPLICABLE TO COMPANIES UNDERGOING LIQUIDATION UNDER INSOLVENCY AND BANKRUPTCY CODE 2016 Recently, a two-Judge Bench of the Hon’ble Supreme Court comprising of Justice M.R. Shah and Justice Sanjiv Khanna Passed a Judgement dated 02.05.2023 in the matter of Moser Baer Karamchari Union thr. President
... Continue Reading.[Ritvij Ratn Tiwari is a 3rd-year B.A., LL.B. (Hons.) student at the National Law School of India University, Bangalore.] In June 2023, the Reserve Bank of India (“RBI”) issued guidelines regulating the arrangements for sharing the losses arising from defaulted loans, popularly called default loss guarantee (“DLG”), between regulated entities (“REs”) and lending service providers
... Continue Reading.
Dentons Advised Volta in $4 Million Capital Increase for Solar Projects in Sri Lanka Dentons provided legal counsel to Volta, a renewable energy producer based in France, in its $4 million (€3.78 million) capital increase aimed at expediting the execution of its solar projects in Sri Lanka. Volta’s capital increase was backed by the recently
... Continue Reading.