TitleCreated ByBlog ContentCreated OnUpdated On
Linklater to Clifford Chance: Change in Force of Attraction Gagan Kumar

By Gagan Kumar (

Recently the Special Bench of Income Tax Appellate Tribunal (hereinafter called as“ITAT”) at...

3/13/2015 3/13/2015
In Penalty cases-Discharge your burden- Ratio of SC decision in MAK Data Gagan Kumar

The Supreme Court of India (“SC”) in a recent judgement (MAK Data Case) in the case of“MAK Data P. Ltd” (38...

3/13/2015 3/13/2015
E-Bay (Watch)-Whirlpool of e-commerce Gagan Kumar

Taxability of foreign entities in source country has always been a controversial issue. The recent judgment of the Mumbai Bench of Income Tax Appellate Tribunal (“ITAT”) in the matter ...

3/13/2015 3/13/2015
Copyright(ed) Controversy on Software Payments-Delhi HC Decides Gagan Kumar

Recently, Hon’ble Delhi High Court passed a judgment in the case of DIT v Infrasoft Ltd, USA. This judgement again highlighted the contr...

KMP- A Throne best avoided after Companies Act, 2013 Gagan Kumar

The Companies Bill 2012 which has been recently approved by the President has become the Companies Act, 2013 (“2013 Act”) and has been entirely effective since 1st&nbs...

Tax Reality of Real Estate Trusts Gagan Kumar

When the new government took over and assumed the office, it was anticipated that many path breaking decisions would be taken. Keeping the optimistic sentiments alive, the Honourable Finance Minis...

Government Eases FDI Rules for Foreign Investor in Construction Sector Gagan Kumar

In a recent amendment (December 3, 2014) to the Foreign Direct Investment (“FDI”) Policy, 2014 issued by the Ministry of Commerce of Industry, 100 percent investment will be allowed th...

Indian Government exempts Investors in FII/FPIs from Tax Burden of Indirect Transfer Gagan Kumar

In 2012, the Supreme Court of India in the Vodafone case[i] held that any transfer by a non-resident of shares of a non-resident company which derives its valu...

Secondary Adjustment-New Twist in TP Tale Gagan Kumar

The Finance Bill 2017 presented by the Finance Minister before the Parliament, amongst other things, has introduced a new concept in the existing quagmire of transfer pricing i.e. Seconda...

FDI in Real Estate Sector Gagan Kumar

Real Estate Sector in India has been going through a rough weather for the last few years due to lack of funds and sluggish demand.

Real Estate Business[...

What to do-When the Taxmen Knocks at the door! Gagan Kumar

The present Government is focusing on increasing the tax base particularly after de-monetisation and introduction of Benami Transactions (Prohibition) Amendment Act, 2016. The most effective tool ...


Tax Authorities have powers to summon persons and documents, and survey his premises to secure evidences of undisclosed documents or assets. Such powers have various limitations and therefore Tax ...

Sagar Ratna and other food chains are not liable for VAT on Franchisee Fee-Delhi High Court Gagan Kumar

The Delhi High Court in a recent judgment titled Sagar Ratna Restaurants Pvt. Ltd & Ors. v. The Value Added Tax Officer & Ors. (WP No. 4453/2013 and 3404/2015) involving various f...

Indian Defense Sector-Entry Rules are in place Gagan Kumar

Clubbing ‘Make in India’ initiative along with the aim of achieving a self-reliant locally indigenised ecosystem, the Cabinet Committee on Security has approved the policy on defence m...

6/1/2017 6/1/2017
Denial of Consular Access gives jurisdiction to ICJ-Kulbhushan Jadhav Case Gagan Kumar

By: Veera Nath, Advocate


In the domain of consular access, the Jadhav case manifests itself well as part of the process of humanization of international law. Th...

What is in Store for Real Estate Sector under GST Regime Gagan Kumar

Goods and Service Tax is a reality now.   In this article, we have tried to capture the implications for Real Estate Sector under various transaction in a tabular for for easy understand...

Krishnomics on GST Gagan Kumar

In order to serve the nation and the community, we are putting our views on various vexed issued on GST. Please write to us, should any issue on GST is bothering you and we shall put it here for y...

7/5/2017 7/8/2017
BEPS and India - Tax Positions Gagan Kumar

Until a human being changes internally, morals are imposed upon him externally so that it leads to a gradual realization. Similarly, until all the countries/ stakeholders appreciate the long term ...

e-Way; the GST way..the journey ahead Gagan Kumar



One of the ambitious aspects of GST is implementation of Electronic Way Bill (“E-Way Bill”). It is being envis...

Bitcoins-Global currency local taxability Gagan Kumar


Currently, each country has its own currency and it derives its value and trust amongst its users from the sovereign backing. It is tangible in nature and i...

Copyrights © Krishnomics Legal.   All rights reserved