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Appeal against Advance Ruling before HC

16 Jun 2013

Advance ruling is binding on the applicant and on the commissioner of Customs, Excise and Income Tax and the authorities subordinate to them in ...

Rule 10H on pre-filing consultation: A unique feature of Advance Pricing Agreements

16 Jun 2013

Finance Act, 2012, introduced the concept of Advance Pricing Agreements (APA). APAs are common in other developed countries.An Advance Pricing ...

Positive fallacies of Murthy, Shaw, Pai and Patil

16 Jun 2013

Within days of a new government taking charge of Karnataka earlier this month, S R Patil, a 65-year-old man, was sworn in as minister of ...

Supersession of elected committees

16 Jun 2013

The Supreme Court has issued seven "general directions" to be followed when a state government supersedes elected managing committees of ...

Corporate governance failure at Ranbaxy?

09 Jun 2013

It is unlikely that independent directors on Ranbaxy Board had no exposure to corporate governance models

Similar contracts can have different taxes

09 Jun 2013

Misunderstanding between contract for sale and contract for works & material can affect amount of actual taxation

Bank payment obligations vital for international trade

09 Jun 2013

Time for importers, exporters to get familiar with the new international transaction mechanism

CLB can compound offence

09 Jun 2013

The Supreme Court has ruled that prior permission of the criminal court is not necessary for compounding an offence under the Companies Act when ...

Careful what you wish for in regulations

02 Jun 2013

Multi-level marketing schemes are about taking informed greedy positions

Insurance valuation: A good benchmark for transfer pricing

02 Jun 2013

Irrespective of the difficulties, taxpayers have to comply with the transfer pricing regulations and determine the arm's length price

Infructuous appeal by revenue creates litigation jam

02 Jun 2013

In limine rejection of an appeal by the high courts or the Supreme Court on ground of a delay in filing is quite common. But in limine rejection ...

Highest bid can be rejected

02 Jun 2013

The highest bidder in an auction of plots does not acquire any vested interest merely by depositing a percentage of the amount and earnest ...

Enterprises should identify risks in business model

26 May 2013

Visionary companies develop mechanisms to understand undercurrents in society and the expectations and concerns of stakeholders

Commerce ministry takes steps to help exporters

26 May 2013

Ministry's initiatives encourage exporters, but RBI's reduction of time limit for realisation of export proceeds will increase paperwork

Arbitration clause has long life

26 May 2013

Even if the main agreement between two parties are void, the arbitration clause will survive, according to the Arbitration and Conciliation Act, ...

Treat mergers, amalgamations practically

26 May 2013

States should have pragmatic provisions to make merger or demerger of businesses a smooth process

Future focus areas for an effective SEBI

19 May 2013

It is SEBI season - the media is replete with articles on SEBI's achievements in the 25 years since its inception. A well-deserved celebration ...

Transfer pricing: Tolerance margin needs to be rationalised

19 May 2013

When transfer pricing provisions were introduced in India in the year 2001, no tolerance limit was prescribed for adjustment in arm's length ...

Part of government can still be independent

19 May 2013

There is a raging controversy now whether an institution which is a part of the Government can still be independent. This happened in the recent ...

Arbitrator will test 'dead' disputes

19 May 2013

In an arbitration dispute, the Supreme Court will not normally decide whether the claims are long dead and barred by the law of limitation. It ...

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