by Majmudar & Partners | Jan 17, 2025 | Tax
Download .pdf Background An individual salaried taxpayer (the “Individual”) purchased bitcoins during the financial year 2015-16 and sold them in the financial year 2020-21. In the tax return, the Individual claimed that the bitcoins sold qualified as a capital asset...
by Majmudar & Partners | Jan 6, 2025 | Banking and Finance
Download .pdf The Banking Laws (Amendment) Bill, 2024 (the “2024 Bill”), which was introduced in the Lok Sabha on August 9, 2024 and passed on December 3, 2024, seeks to modernize India’s banking framework by amending five (5) important statutes: (i) Reserve Bank of...
by Majmudar & Partners | Dec 17, 2024 | Tax
Download .pdf Background In 1998, Mahanagar Telephone Nigam Limited (“MTNL”) invited tenders for Code-Division Multiple Access (“CDMA”) technology supply on a turnkey basis. In 1999, a contract was awarded to a joint venture between Fujitsu Ltd. (“Fujitsu”), a...
by Majmudar & Partners | Dec 12, 2024 | Technology, Telecommunication and Media
Download .pdf The globally contested legal battle on training large language models (“LLM”) using copyrighted content recently reached India, with Asian News International (“ANI”), an Indian news agency, filing a copyright infringement suit in the Delhi High Court...
by Majmudar & Partners | Dec 9, 2024 | Corporate/M&A, Disputes and Arbitration
Download .pdf The Supreme Court’s (the “SC”) decision ordering the liquidation of Jet Airways (India) Limited (“Jet Airways”) under the Insolvency and Bankruptcy Code, 2016 (the “IBC”) has finally put an end to the long-drawn battle to revive the airline through the...
