by Majmudar & Partners | Mar 14, 2023 | Tax
Download .pdf In a recent ruling, the Mumbai Income-tax Appellate Tribunal (the “Mumbai Tribunal”), relying on the Tally Solutions case, has held that when the future cash flow or revenue stream projections of a private investment company are uncertain, the shares...
by Majmudar & Partners | Feb 7, 2023 | Disputes and Arbitration
Download .pdf Last month, the Constitutional Bench of the Supreme Court (SC) delivered an important ruling in the matter of Kaushal Kishor v. State of U.P. (Writ Petition (Criminal) No. 113 of 2016). This judgment has delved into the longstanding debate on the...
by Majmudar & Partners | Feb 2, 2023 | Tax
Download .pdf Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2023, and the Finance Bill, 2023 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it...
by Majmudar & Partners | Jan 25, 2023 | Foreign Investment, Policy & Governance Updates
Download .pdf Recently, the University Grants Commission (the “UGC”) has published the Draft University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023 (the “Draft Regulations”) proposing...
by Majmudar & Partners | Jan 18, 2023 | Employment Law
Download .pdf Amazon’s voluntary separation program In November 2022, Amazon initiated a voluntary separation program (“VSP”) which allowed eligible employees to resign voluntarily from employment in exchange for specific severance benefits, including twenty-two (22)...
