by Majmudar & Partners | Oct 9, 2023 | Tax
Download .pdf By its notification dated September 25, 2023, the Central Board of Direct Taxes (CBDT) has amended Rule 11UA of the Income-tax Rules, 1962 (the “IT Rules”) which provides the manner of computing the fair market value (“FMV”) of unlisted equity shares and...
by Majmudar & Partners | Sep 25, 2023 | Technology, Telecommunication and Media
Download .pdf Generative Artificial Intelligence (“AI”) technologies, such as ChatGPT, are often celebrated as transformative forces across various sectors, and are often even perceived to challenge the necessity of human involvement in such sectors. Nevertheless,...
by Majmudar & Partners | Aug 25, 2023 | Disputes and Arbitration, Tax
Download .pdf The Gujarat High Court (the “HC”), in a recent ruling (the “HC Ruling”), dismissed the Indian tax department’s (the “ITD”) appeal against a Tribunal Ruling allowing the taxpayer to rely on a beneficial double taxation avoidance agreement provision...
by Majmudar & Partners | Aug 22, 2023 | Disputes and Arbitration
Download .pdf The UKSC’s decision On July 26, 2023, the United Kingdom’s Supreme Court (the “UKSC”), in the matter of R (on the application of PACCAR Inc and others) (Appellants) v. Competition Appeal Tribunal and others (Respondents), [2023] UKSC 28, held that...
by Majmudar & Partners | Aug 16, 2023 | Technology, Telecommunication and Media
Download .pdf The Telecom Regulatory Authority of India (the “TRAI”) has recently released recommendations on “Leveraging Artificial Intelligence and Big Data in the Telecommunication Sector” and has suggested that the Indian government must adopt a regulatory...
