Should Loss Making Comparables be considered for Benchmarking? The general rule is that both profit and loss makers together are...

Whether NIL price can be an arm's length price? Normally one expects a quid pro quo in the form of market price or arms length price for...

What's the'Hard' in 'Hard to Value Intangibles'? Intangibles by definition are unique and hard to benchmark. This begs the question why...

What is #EconomicOwnership and whether it is recognized under Indian Tax Regulations? #BEPS has put the focus back on the Legal vs...

Who is an agent and how to set an agent"s remuneration (Transfer Pricing Perspective)? Most business persons would know who is an agent...

What is Substance in Transfer Pricing Context? The new international tax regime under BEPS emphasizes on actual conduct over form...

When to use Cash Profit as a Profit Level Indicator? Normally depreciation forms part of operating expenses for comparing profit ratios...

The Supreme Court recently took cognizance of delays in disposal of cheque bouncing matters under section 138 of the Negotiable...

In a decision pronounced in UltraTech Nathdwara Cement Ltd. v Union of India and others, the Rajasthan High Court has allowed the writ...

In a matter that has been taken up by the Supreme Court suo motu, certain guidelines were issued for functioning of courts by means of...

The matters of State Bank of India vs. Anil Dhirajlal Ambani1 (“Anil Ambani cases”) have recently been filed before the National Company...

On 4 April 2021, the Union Government has moved the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 (“Ordinance”). The...

In a recent decision in the case of Vivek Bansal v. Burda Druck India Pvt. Ltd. (Company Appeal (AT) 552 of 2020) the National Company...

Recently in Medima LLC v. Balasore Alloys Ltd1, the Hon’ble High Court of Calcutta (“Calcutta High Court”) vide its order dated 3rd...

SEAMEC Ltd (“Appellant”) was awarded a work order by Oil India Limited (“Respondent”) for well drilling and other auxiliary operations....

The Government has promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 under which a new provision, Section 10A...

The Finance Minister has made a set of fresh announcements with respect to the Insolvency and Bankruptcy Code, 2016 (“IBC”) in her last...

The decision of Bombay High Court in the case of Standard Retail Pvt. Limited & Ors. v. G.S. Global Corp & Ors.1 firmly establishes that...

In Mr. Narayan Singh Pathania v. Valuelabs LLP & Anr., the National Company Law Appellate Tribunal (“NCLAT”) has once again laid down...

The Finance Bill, 2022 proposed in the Union Budget 2022 sets out several amendments in the Income Tax Act, 1961 (“Act”). This post...