Categories
Taxation

Transparent Taxation– India Setting the Global Benchmark for Compliance Verification

Adesh Sharma & Saksham Shrivastav As the world adjusts to a faceless pandemic, India has introduced a major overhaul of its direct taxation regime by erasing physical interface along with jurisdictional boundaries and introducing a faceless tax assessment and appeals system in its place. On August 13th, the Prime Minister launched the new Transparent Taxation […]

Categories
Coronavirus Policy

Circumvention of Right to Work by the Bar Council of India Rules in the Light of the COVID-19 Disaster

Abhiraam Shukla Introduction In a recent judgment, the Supreme Court reiterated that members of the Bar cannot earn their livelihood by any other means. The judgment was delivered during the suo moto proceedings in a case concerning financial difficulties being faced by lawyers, who are at a loss of work, amid the COVID-19 pandemic[1]. Time […]

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Banking Coronavirus

COVID Pandemic, Bank Guarantees, and Special Equity: Desperate Measures For Troubled Times

By Shivanakar Sukul and Mudit Burad  The recent Covid-19 pandemic has tremendously altered the dynamics in which commercial contracts operate. In such desperate times when the business machinery of the nation has been brought to a grinding halt, several parties are not able to honour their end of the contract. Consequently, the creditors or the beneficiaries seek […]