Author Archives | Nishith TV

3 November 2014 at 23 : 07 PM

Regulatory Hotline: Compounding of Contraventions of Exchange Control laws

November 03, 2014 Compounding of Contraventions of Exchange Control laws RBI delegates additional compounding authority to its regional offices Decentralization intended to bring efficiency to the compounding process and may reduce transaction costs for the applicants An urgent need to simplify procedural and filing requirements to ease compounding The Reserve Bank of India (“RBI”), India’s […]

31 October 2014 at 22 : 57 PM

Tax Hotline: Sham transactions: Recent developments in Indian tax law

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October 31, 2014 Sham transactions: Recent developments in Indian tax law Delhi Tribunal holds that the mere fact that one of the steps in a transaction resulted in capital loss for the taxpayer would not make the series of transactions a sham. Karnataka High Court holds that shares bought at a premium, and sold at […]

29 October 2014 at 23 : 47 PM

IP Hotline: Delhi HC: A Virtual Presence May Mean ‘Carrying on Business’ for Jurisdiction in IP cases

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October 29, 2014 Delhi HC: A Virtual Presence May Mean ‘Carrying on Business’ for Jurisdiction in IP cases Delhi High Court holds that a website selling goods online amounts to “carrying on business” by the Plaintiff under the Copyright Act, 1957 and Trade Marks Act, 1999. Plaintiff’s having virtual but not physical presence may now […]

27 October 2014 at 19 : 14 PM

Real Estate Update: REITs: Tax issues and beyond

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October 27, 2014 REITs: Tax issues and beyond Apart from the tax challenges, there are non-tax issues also that make the Indian REIT unattractive The Securities and Exchange Board of India (Sebi) recently introduced the final regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). These regulations come on the back of […]

22 October 2014 at 16 : 23 PM