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The Supreme Court on Friday asked the Union government to explain its position on a petition questioning the constitutionality of Section 152 of the Bharatiya Nyaya Sanhita (BNS) — a clause that many believe is a rehashed form of the now-suspended law of sedition. The case was taken up by a Bench led by Chief…
[Shravan Anande is a fourth-year B.A., LL.B. (Hons.) student and Hari Priya Murarikar is a third-year B.A., LL.B. (Hons.) student, both at NALSAR University of Law, Hyderabad] In a significant judgment with wide-ranging implications for international taxation, the Supreme Court of India in Hyatt International (Southwest Asia) Ltd. v. Additional Director of Income Tax has affirmed the existence of a permanent establishment (PE)…
[Mustafa Rajkotwala and Shamik Datta are lawyers based in Mumbai] Tracker shares and total return swaps (“Three”) are sophisticated financial instruments that allow foreign investors to synthetically replicate exposure to Indian equity markets. These instruments have gained prominence as alternatives to traditional participatory notes (“P-notes”), offering similar economic outcomes while circumventing scrutiny under SEBI’s offshore derivative instruments (“ODI”)…
