In this edition, we have come up with an article on recent judgement of the Hon’ble NCLAT New Delhi, wherein the matter as to whether a “Inter Corporate Deposit” by a party to another as part of the Joint Venture Agreement , constitutes a “Financial Debt”. This is a important judgement, reaffirming the settled position in law, and will have a lot of bearing on the rights of the parties who enter in to Joint Venture Agreements.
The next article is on the receipt of information from under the exchange of information agreements and consequences under the Indian Evidence Act, 1872. The article deals with requirements under the Indian Evidence Act, 1872 to allow the information from the foreign jurisdictions in respect of various taxpayers in India for the purpose of collection and recovery of taxes.
We have also collated certain important judgments under direct tax and provided our comments wherever necessary.
Key Topics:
- IS GRANT OF “INTER-CORPORATE DEPOSIT” IN A JOINT VENTURE CONSTRUED AS 'FINANCIAL DEBT' UNDER IBC
- Information received from foreign jurisdictions vis-à-vis the Indian
- Direct Tax Case Laws
