by Majmudar & Partners | Jun 5, 2024 | Healthcare & Pharmaceuticals
Download .pdf The Department of Pharmaceuticals (the “DoP”) recently notified the Uniform Code for Pharmaceutical Marketing Practices 2024 (“UCPMP 2024”), in supersession of the UCPMP issued in 2014 (“UCPMP 2014”). This article discusses the revisions made and...
by Majmudar & Partners | Apr 29, 2024 | Disputes and Arbitration
Download .pdf Recently, in the case of Cobra Instalaciones Y Servicios v. Haryana Vidyut Prasaran Nigam Ltd, the Delhi High Court (DHC) upheld the quantification of loss in an award by arbitrators done through “honest guesswork” as there was insufficient evidence on...
by Majmudar & Partners | Apr 2, 2024 | Tax
Download .pdf In a recent ruling in the Bharti Cellular Limited case (the “Taxpayer”), India’s Supreme Court has held that because a “principal-agent” relationship does not exist between the Taxpayer and the distributor, the discounts offered by the Taxpayer on SIM...
by Majmudar & Partners | Mar 27, 2024 | Technology, Telecommunication and Media
Download .pdf In the case of Kunal Kamra v. Union of India, on January 31, 2024, the petitioners challenged the constitutional validity of the 2023 amendment (the “2023 Amendment”) made to Rule 3(1)(b)(v) (pertaining to due diligence by an intermediary) (the “Impugned...
by Majmudar & Partners | Feb 21, 2024 | Tax
Download .pdf India’s Finance Minister introduced a specific tax regime for virtual digital assets (“VDAs”) in the Finance Bill 2022. Section 2(47A) of the Income-tax Act, 1961 (the “IT Act”) was brought in and defines VDAs to mean any information or code or number or...
