Indian tax benefits on amalgamations applied to foreign companies – an important development
Introduction In a recent ruling in the case of Banca Sella SpA (AAR No. 1130 of 2011 dated August 17, 2016), India’s Authority for Advance Rulings...
Does the Arbitration and (Conciliation) Amendment Act, 2015 apply to court proceedings filed before its commencement?
Introduction Recently, in three (3) identical matters (two (2) of which were filed by the Board of Control for Cricket in India (“BCCI”) against...
The Indian real estate sector: an overview
Introduction The real estate sector is the driving force behind the growth of the Indian economy. It is the second largest employment generator...
CBDT notifies rules for fair market value
Introduction Reducing tax litigation has been a key focus area for the Modi government. Several initiatives have been taken by the Central Board of...
India eases foreign investment norms in defence, pharmaceuticals and other sectors
Introduction India’s foreign investment regime has been liberalized significantly in the last couple of years. On June 20, 2016, the Indian...
Indian merger control thresholds revised
Introduction The Competition Act, 2002 (the “Act’) read with the Competition Commission of India (Procedure in Regard to the Transaction of Business...