Sonali Pradhani

International corporate taxation is a complex and evolving field that plays a crucial role in the global economy. As multinational corporations[1] continue to expand their operations across borders, understanding the intricacies of international taxation becomes essential for businesses, governments, and the public. In this blog post, we will delve into the world of international corporate […]

SEBI was unjustified in penalizing a Co. by taking a hyper-technical view of the law on related party transactions: SC, Case Details: Securities and Exchange Board of India v. R.T. Agro (P.) Ltd. The Securities and Exchange Board of India (SEBI) plays a crucial role in regulating and overseeing the Indian capital markets. However, in […]

The concept of Benami, which translates to “without a name” in Hindi, has been an integral part of India’s legal system for several decades. The Benami Transactions (Prohibition) Act, 1988[1], was enacted to prohibit benami transactions and provide mechanisms for their investigation and confiscation. Over the years, the concept of Benami has evolved through landmark […]

Citation: AIR 1950 SC 124: 1950 SCR 594 Court: Supreme Court of India A significant decision in Indian constitutional law is the Romesh Thapar vs. State of Madras case,   it was heard in 1950 before the Supreme Court of India. The case involved a challenge to the constitutionality of a law that the Madras State […]

When choosing the right business structure, entrepreneurs often decide whether to establish a company or a Limited Liability Partnership (LLP). Both structures have their advantages and disadvantages, and the decision ultimately depends on the specific needs and goals of the business. However, it’s important to note that not all companies can be converted into LLPs. […]

Arbitration has emerged as a popular alternative dispute resolution mechanism in India due to its efficiency, flexibility, and enforceability of awards. The Indian Arbitration and Conciliation Act, 1996 (the “Act”) governs arbitration proceedings in the country. One crucial aspect of arbitration is the appointment of an arbitrator, and this process is subject to the rule […]

Limited Liability Partnerships (LLPs) have gained significant popularity as a business structure, providing flexibility and legal protection for partners. While the LLP framework offers several advantages, one crucial requirement that must be noticed is the need for a comprehensive LLP agreement among the partners. This blog explores the significance of an LLP agreement and why […]

Buying and registering a property can be time-consuming and involve many legal, financial, and administrative steps. The time it takes to complete these steps keeps changing depending on various factors, such as the collocation of the property, the complexity of the transaction, and the efficiency of the parties involved. This blog will explore the various […]

When a person is planning to buy or sell a property, one of the most important steps one needs to take is registering the property. Property registration is a legal process in which ownership of a property is transferred from one party to another. To register a property, certain documents are required. This blog post […]

In an era of globalization, businesses are increasingly expanding their operations across borders and engaging in cross-border collaborations. Limited Liability Partnership (LLP) structures offer a flexible and efficient way for entrepreneurs to establish and operate their ventures. One intriguing aspect of LLPs is the ability to have foreign directors on board, which can open up […]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has provided clarity on the applicability of Tax Deducted at Source (TDS) provisions to salary or commission paid to partners in a partnership firm. The ITAT has ruled that TDS is not applicable to salary or commission payments made to partners, bringing relief to both […]

The Wealth Tax Act of 1967, enacted by the Government of India, was an important step towards promoting the equitable distribution of wealth in the country. The Act aimed to address the concentration of wealth in the hands of a few individuals and promote social justice by imposing a tax on the net wealth of […]

In the realm of tax litigation, the case of Deputy Commissioner of Income Tax vs M/S Pepsi Foods Ltd holds significance due to its implications on the tax treatment of certain expenses incurred by companies. This blog post aims to provide an analysis of this case, exploring the key arguments, the court’s decision, and the […]

In real estate financing, mortgages are pivotal, enabling individuals and businesses to secure loans against their properties. Difference between Equitable Mortgage and Registered Mortgage mainly Two common types of mortgages are equitable mortgages and registered mortgages. While both serve as security instruments for loans, there are fundamental differences between the two. This blog post aims […]