Transaction Archives

Cyril Amarchand Mangaldas represents Hindustan Unilever Limited in acquiring Uprising Science Private Limited

Cyril Amarchand Mangaldas represented Hindustan Unilever Limited in the proposed acquisition of 90.5% of the share capital of Uprising Science Private Limited

Case Briefs High Courts

‘Transaction stood grandfathered by virtue of Article 13(3A) of India-Mauritius DTAA’; Delhi HC quashes AAR order holding Tiger Global-Flipkart transaction as ‘aimed at tax avoidance’

Merely because a parent entity may exercise shareholder influence over its subsidiary that would not lead to an assumption that the subsidiary in question was operating as a mere puppet or that it was wholly subservient to the parent entity.

Cases Reported Never Reported Judgments

Never Reported Judgment | Mortgage and cash credit transaction are independent transactions; unliquidated damages for breach of one cannot be set-off against another [(1952) 2 SCC 542]

This report covers the Supreme Court’s Never Reported Judgment dating back to the year 1952 on mortgage transaction.

Cases Reported Never Reported Judgments

Never Reported Judgment | Conviction u/s 420 of IPC made out when cheating/dishonest inducement to take delivery of property is proved on transaction date, not on subsequent dates [(1952) 2 SCC 486]

This report covers the Supreme Court’s Never Reported Judgment dating back to the year 1952 on Section 420 of the Penal Code, 1960.

Law Firms News News

Khaitan & Co advises PI Health Sciences Ltd (PIHSL) on acquisition of 100% shareholding of Therachem Research Medilab (India) Private Ltd

DEAL DETAILS PI Industries Ltd | Potential acquisition Khaitan & Co advised PI Health Sciences Limited (PIHSL) in connection with the acquisition

Case Briefs High Courts

[Benami Property] Madras High Court | Writ shall not be entertained against a mere show cause notice; Upholds order of Deputy Commissioner, IT

Madras High Court: A Division Bench of R. Mahadevan and Sathya Narayana Prasad, JJ. approved the orders of the Deputy

Legislation Updates Rules & Regulations

Income-tax (30th Amendment) Rules, 2021

The Central Board of Direct Taxes has notified the Income-tax (30th Amendment) Rules, 2021 vide notification dated 24th September, 2021. The amendment

Experts Corner Tarun Jain (Tax Practitioner)

Composite and Mixed Supplies under GST: Demystifying the Conceptual Tenets

by Tarun Jain†
Cite as: 2021 SCC OnLine Blog Exp 66

Case Briefs High Courts

Chh HC | Transaction where one party deposits/ lend money to other on promise of greater rate of interest than agreed rate will be a ‘money circulation scheme’ within meaning of S. 2(c) Prize Chits Money Circulation Schemes (Banning) Act, 1978

Chhattisgarh High Court: Rajendra Chandra Singh Samant J. dismissed the revision petitions being devoid of merit. The facts of the case are

National Consumer Disputes Redressal Commission

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCDRC | If a fund transfer is effected through net banking and due procedure is followed by the Bank for the transfer, Can the account holder allege deficiency of service and negligence on the Bank? Read on

National Consumer Disputes Redressal Commission (NCDRC): C. Vishwanath (Presiding Member) upheld the State Commission’s Order. Petitioner/Complainant who was an account holder of