Month: April 2025

Income tax forms the backbone of a country’s fiscal framework, serving as a key source of revenue for the government. It facilitates national development, supports infrastructure, and funds welfare schemes. In India, the income tax system is governed primarily by the Income Tax Act, 1961, which outlines the framework for levy, computation, and collection of

Hindu joint family law is a complex blend of ancient traditions and evolving jurisprudence. Among the key principles governing joint family property is the Doctrine of Blending. This doctrine recognises that a coparcener in a joint Hindu family may voluntarily abandon his claim over a self-acquired property by converting it into joint family property. When

Dalmia Cement Approaches Guwahati High Court Against IT Department’s Rs.108.56 Crore Demand States that it was denied the chance of presenting its case Dalmia Cement (North East) Limited has challenged the Income Tax Department’s order in the Guwahati High Court for Assessment Years 2022-23 and 2023-24. The company contested the demands of Rs.255.56 crore and

CCI Consents To 360 One And Bharti Life Ventures’ Offer To Acquire Stakes In Bharti AXA Life This investment will strengthen the insurer’s growth and enhance its market share The Competition Commission of India (CCI) has given a nod to the joint proposal by 360 One, a wealth management firm, and Bharti Life Ventures Pvt

CESTAT Rules Service Tax Not Applicable On Buying-Selling Space In Print Media Cites Section 66E(e) of the Finance Act, 1994, to reach the judgment The New Delhi bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax is not applicable on buying or selling of space in print media

Patents For AI Inventions: A Comparison Of Requirements In Brazil, USA, And Europe Brazil and Europe emphasize technical contributions with an industrial or reproducible application, while the USPTO requires a demonstrable technical improvement in an applied field Innovation in artificial intelligence (AI) is reshaping industries, leading jurisdictions like Brazil, the US, and Europe to establish

Flipkart To Return To India From Singapore This is for better IPO prospects in a country that does not allow dual listings E-commerce company Flipkart has decided to shift the base of its holding company from Singapore to India, as its parent Walmart aims to take the 17-year-old company public. Several Indian startups that once

Shardul Amarchand Mangaldas & Co. advised NTPC Limited on 50 MW solar project in Sri Lanka valued at USD 100 million Shardul Amarchand Mangaldas & Co. advised NTPC Limited in relation to the power purchase agreement and implementation agreement for the development of a 50 MW solar power plant in Sri Lanka, valued at USD

Gensol Engineering’s Jaggi Brothers Face SEBI Ban The two were once celebrated for their renewable energy ventures The Securities and Exchange Board of India has accused Anmol Singh Jaggi and Puneet Singh Jaggi for siphoning funds from Gensol Engineering for personal use, leading to a market ban. SEBI’s probe revealed diversion of funds used for

Trilegal advised AvidSys Group on franchise acquisition in India’s first Rugby Premier League Trilegal advised AvidSys Group on its successful acquisition of a franchise in the inaugural Rugby Premier League (RPL)—India’s first professional rugby league, organised by Rugby India in partnership with GMR Sports Venture Private Limited. As part of this landmark sporting initiative, AvidSys