by Majmudar & Partners | Oct 17, 2024 | Employment Law
Download .pdf Background The former Chief Executive Officer (the “Complainant”) of Safal Life Science (P) Ltd. (the “Company”) filed a criminal complaint under Sections 420 (cheating), 406 (criminal breach of trust), and 34 (acts done by several persons with common...
by Majmudar & Partners | Oct 7, 2024 | Tax
Download .pdf Background Foreign companies in India are often subjected to a tax audit scrutiny by the Indian tax authorities to check if they have a Permanent Establishment (“PE”) in India and what will be the profits attributable to such a PE. The issue of...
by Majmudar & Partners | Sep 6, 2024 | Tax
Download .pdf Overview Pursuant to a favourable tax ruling for Tiger Global Eight Holdings in the Policybazar case, in the Flipkart Singapore case involving Tiger Global International Holdings (the “Taxpayer”), the Delhi High Court (the “DHC”) held that the order...
by Majmudar & Partners | Aug 28, 2024 | Employment Law
Download.pdf In a recent ruling, the Delhi High Court (“DHC”) upheld the validity of reasonable lock-in periods in employment contracts and also held that disputes arising from these clauses are arbitrable under the Arbitration and Conciliation Act, 1996 (the...
by Majmudar & Partners | Jul 23, 2024 | Banking and Finance, Tax
Download .pdf Introduction India’s Union Budget (the “Budget”) was announced on July 23, 2024, and the Finance Bill, 2024 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and it is likely that...
