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  • Article

    Compounding Of Offences Under Section 279 (2) Of The Income Tax Act, 1961 – Upfront Payment Of Compounding Fee & Limitation For Filing Of The Application For Compounding Of Offenses Under The Income Tax Act

    In the writ petition titled Vikram Singh vs. UOI (W.P.(C) 6825/2016), the Division Bench of the Hon'ble High Court of Delhi for compounding of offences under Section 279 (2) of the Income Tax Act, 1961, ...
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Mere Allegation Of Substantial Cash Payment, Without Cogent Evidence, Not Enough To Set Criminal Law In Motion - Delhi High Court

    In N.G. Dev v. State (NCT of Delhi) & Ors., 2026:DHC:3265, the Delhi High Court reiterated that allegations involving large cash transactions cannot be sustained merely on assertions of trust, friendship, or oral understanding and must be supported by cogent and credible evidence.
    IndiaCriminal Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    CCI Directs Another Probe Into MMT And OYO On Allegations By Treebo Hotels

    The Competition Commission of India ("CCI/Commission"), vide order dated 24.02.2020, has passed another order under Section 26(1) of the Competition Act, 2002.
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    CCI Finds No Evidence Of Resale Price Maintenance By KAFF Appliances

    Any entity/firm contributing value to product/service will be deemed to be a part of the value chain.
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    CCI Imposes Penalty For Price-Fixing In Air Cargo Operations

    The CCI vide order dated 07.03.2018 has imposed penalty on three domestic airlines, namely, Jet Airways (India) Ltd, InterGlobe Aviation Limited and SpiceJet Limited amounting to INR 39.81...
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    CCI Imposes Penalty On Domestic Airlines For Price-Fixing In Air Cargo Operations

    OP-4 was exonerated as when there was a substantial decline in the fuel costs, the fuel surcharge was withdrawn.
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    CCI Imposes Penalty On Godrej And Boyce For Being A Member Of Bilateral "Ancillary" Cartel

    The Commission agreed to the DG's findings based on the Product Supply Agreement.
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    NCLAT Sets Aside CCI Order İmposing Penalty On Eli Lilly For Gun Jumping

    The National Company Law Appellate Tribunal, has set aside the Competition Commission of India on M/s Eli Lilly and Company for gun jumping.
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Absence Of Accused's Postal Address Not A Ground To Reject Cyber Crime Complaint: Kerala High Court

    In Anagh v. State of Kerala & Ors., 2026:KER:16819, the Kerala High Court set aside an order of the Magistrate returning a private complaint solely on the ground that the complainant had not furnished the postal address of the accused.
    IndiaCriminal Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Fair Market Value Under PMLA

    On the treatment of Fair Market Value under PMLA, the High Court of Madras, in the case of B. Rama Raju, S/o B. Ramalinga Raju Vs. Union of India (UOI), [MANU/TN/1696/2011]; [(2012)1MLJ419], held that
    IndiaReal Estate and Construction
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    CCI Exonerates Food Aggregator Swiggy From Allegations Of Imposing Unfair Prices On Customers -sans Market Definition

    By way of order dated 19.06.20, the Competition Commission of India ("CCI/Commission") has dismissed allegations of imposing unfair prices on customers and thereby abusing its dominant position...
    IndiaAntitrust/Competition Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Legalaxy - Monthly Newsletter Series - Vol XII - May, 2024

    Securities Exchange Board of India ("SEBI"), vide its notification dated April 25, 2024, has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations...
    IndiaCorporate/Commercial Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Discharged Accused Stands On A Higher Footing Than Acquitted Accused: Supreme Court

    In Ex. Sqn. Ldr. R. Sood v. Union of India & Ors., 2026 INSC 366, the Supreme Court of India has clarified that an accused who is discharged stands on a higher footing...
    IndiaCriminal Law
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Possession Is The Crime: Money Laundering Never Stops Ticking, PMLA Attachment Of Pre-Act Property

    A 10-year-old property dispute in Delhi’s upscale Vasant Vihar has led to an important and clarifying judgment on how the Prevention of Money Laundering Act (PMLA), 2002, actually works.
    IndiaGovernment, Public Sector
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Adoption Of Stamp Duty Value To Compute Capital Gains Cannot Shrink Section 54f Exemption: Chennai Itat

    The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) in T. Srikanth v. DCIT [ITA No. 3792/Chny/2025] has unequivocally held that the deeming fiction created u/s 50C of the Income-tax Act, 1961 (‘the Act’), which substitutes stamp duty value as the "full value of consideration" for computing capital gains u/s 48, cannot be imported into section 54F to reduce the quantum of exemption available to a taxpayer who has reinvested the entire actual sale consideration in a new residential house.
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Foreign Documents Not Automatically Admissible Merely Because They Are Received Through Official Channels: Delhi High Court

    In Ritu Butalia v. State, 2026:DHC:2057, the Delhi High Court held that an accused is entitled to inspect original foreign documents relied upon by the prosecution where such inspection is necessary for effective cross-examination and to challenge the admissibility of those documents.
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Redesigned Taxation On Reconstitution / Dissolution Of The Firm – A New Jeopardy?

    Under the erstwhile provisions of the Income tax Act, 1961 ("the Act"), where the partner withdrew money from capital account with the partnership firm, there was no provision to tax the same...
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    The Art Of Transfer Pricing

    Set up in 1971, Vaish Associates Advocates (‘VA') is a full-service law firm based in New Delhi, Mumbai, and Bengaluru, India, having an experienced team of 12 partners and over 100 associates.
    IndiaTax
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Admissibility Of Electronic Evidence Under The Indian Evidence Act, 1872

    The Supreme Court of India, in a path breaking dynamic judgment, ( Shafhi Mohammad Vs. The State Of Himachal Pradesh SLP (Crl.)No.2302 of 2017) , has rationalized the law relating to the admissibility...
    IndiaLitigation, Mediation & Arbitration
    Vaish Associates Advocates
    Vaish Associates Advocates
  • Article

    Resolution Of IPR Disputes Using Arbitration, Feasible Or Not?

    The question as to whether IPR disputes are arbitrable or not, has been around for quite some time now.
    IndiaLitigation, Mediation & Arbitration
    Vaish Associates Advocates
    Vaish Associates Advocates

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