News
Reassessment notices issued under pre-amended Section 148, though issued after 1 April 2021, are valid – New procedure however applicable
05 五月 2022
The Supreme Court has, in its judgement dated 4 May 2022, held that the reassessment notices issued under unamended Section 148 of the Income Tax Act, 1961, but after the amendments by the Finance Act, 2021, are valid.
Arbitration – Group of Companies Doctrine when bounds non-signatory to an arbitration agreement
03 五月 2022
The Supreme Court has reiterated that a party which is not a signatory to a contract containing an arbitration clause may be bound by the agreement to arbitrate if it is an alter ego of a party that executed the agreement.
Phonetic identity is an important index of similarity; Tests of phonetic, visual, and structural similarity are disjunctive
28 四月 2022
The Delhi High Court while dealing with a suit for a permanent injunction observed that a phonetic identity or similarity is an important index of similarity or deceptive similarity of one mark against the other competing mark. It has also reiterated that the tests of phonetic, visual, and structural similarity or identity are disjunctive and not conjunctive.
Insolvency – ‘CIRP costs’ to include only salaries of employees who worked during CIRP
25 四月 2022
The Supreme Court has held that the dues towards the wages/salaries of only those workmen/employees who actually worked during the Corporate Insolvency Resolution Process (CIRP) are to be included in the CIRP costs.
Mere similarities will not come under the purview of copyright
22 四月 2022
The Kerala High Court has held that mere similarities will not come under the purview of copyright unless it satisfies the various clauses incorporated in Section 14 of the Copyrights Act.
Insolvency – Distinction of decree holders from financial creditors is intelligible
13 四月 2022
The Supreme Court has on 11 April 2022 dismissed a Special Leave Petition against the decision of the High Court of Tripura at Agarthala, wherein the High Court had held that the distinction of decree holders as creditors from ‘financial creditors’ and ‘operational creditors’, is intelligible and takes forward the purpose of the Insolvency and Bankruptcy Code, 2016, without being discriminatory or arbitrary.
Income-tax assessment of amalgamating company when not wrong
07 四月 2022
The Supreme Court has held that the question as to whether the corporate death of an entity upon amalgamation per se invalidates an assessment order, ordinarily cannot be determined on a bare application of Section 481 of the Companies Act, 1956, but would depend on the terms of the amalgamation and the facts of each case.
India-Australia Economic Cooperation and Trade Agreement: An Overview
05 四月 2022
India has on 2 April 2022 signed an Economic Cooperation and Trade Agreement (ECTA) with Australia. After Japan and Korea, Australia is the third OECD country to sign a free trade agreement with India. This is India’s third Trade Agreement in recent times after it concluded similar agreements with UK (only early harvest agreement) and UAE.
GST and income tax changes from 1 April 2022
01 四月 2022
Various changes are coming into force in the GST and Income Tax regimes, effective from the financial year 2022-23. Some of these changes flow directly from the Budget 2022 while others come from various circulars and notifications. Some of the major changes effective from 1 April 2022 are as ...
Supreme Court’s extension of limitation period owing to Covid-19 applicable to Trade Marks Opposition Proceedings
28 三月 2022
The Delhi High Court has, vide its Order dated 21 March 2022 in Dr. Reddy’s Laboratories Limited & Ors. v. Controller General of Patents, Designs, and Trademarks & Anr.