News
Competition law – Advocate can accompany person summoned by DG
11 December 2018
Competition Commission of India has amended CCI (General) Regulations, 2009 to specify that an advocate may accompany any person summoned by the DG to appear before him, subject to specified conditions.
TDS to be deducted on mark-up and not on reimbursement of salaries for manpower supply
07 December 2018
7th December 2018 ITAT, Delhi has dismissed the appeal of Revenue dept. and upheld the impugned order of the Commissioner (Appeals) deleting disallowance of project management expenses, certain interest expenses and software expenses. In respe
Cause of action under Designs Act distinct from that in a trademark suit
06 December 2018
Delhi High Court has held that in a case where an infringement suit has already been filed under the Designs Act, there is no need to obtain the leave of the court to introduce a separate proceeding in the case of passing-off of trademark.
No profiteering when MRP unchanged despite increase in tax rate
04 December 2018
4th December 2018 The National Anti-profiteering Authority (NAA) has held that when the effective tax rates for the impugned product increased post GST and the assessee still maintained the same MRP and the reduction in base price was more than the increase
Companies (Amendment) Ordinance, 2018
15 November 2018
15th November 2018 The Companies Act, 2013 (‘Companies Act’) was amended in the year 2017 in order to liberalise and correspond compliance requirements with other laws in force. The Ministry of Law and Justice has come up with the Companies (Amen
In-bond manufacturing – CBIC consolidates forms and clarifies procedures
22 October 2018
CBIC has updated procedure for seeking permission for in-bond manufacturing and for maintaining various records. An elaborate Circular No. 38/2018-Cus., dated 18-10-2018 issued for the purpose also prescribes various forms for this purpose and clarifies on duty liability on removal of processed good
Limitation in insolvency cases – Insertion of s.238A in IBA is retrospective
12 October 2018
Relying on Report of Insolvency Law Committee, Supreme Court of India has held that insertion of Section 238A in the Insolvency and Bankruptcy Code (IBC) is retrospective.
CCI amends Combination Regulations for faster disposal of M&A cases
10 October 2018
Competition Commission of India has amended CCI (Procedure in regard to Transaction of Business relating to Combinations) Regulations, 2011 on 9-10-2018 to provide certainty, transparency and other clarificatory changes for faster disposal of combination cases.
IPAB can hear copyright matter in absence of Member Copyright
08 October 2018
The Delhi High Court has held that though it may be apposite for the government to appoint Member Technical (Copyright), a vacancy in this regard does not impinges upon jurisdiction of the Intellectual Property Appellate Board (IPAB) constituted under Section 83 of the Trade Marks Act.
Art. 12 and 14 of Indo-German and Indo-Swiss DTAAs – Beneficial Article to apply
08 October 2018
The assessee, an Indian company, was making payments to a German individual resident which according to the Revenue fell under the category of ‘Fees for technical services’ as per Section 9(1)(vii) of the Income Tax Act and Article 12 of the Indo-German DTAA and thus