Tag Archives: limitation

Awards must be challenged within the time limit: SC

The Supreme Court of India recently clarified that an application to set aside arbitral award must be made within the strict statutory timeline and this timeline cannot be extended thereafter by using the provision of “sufficient cause” under the Limitation Act, … Continue reading

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Revised DTAA between India and Kenya notified: Govt.

The revised Double Taxation Avoidance Agreement (DTAA) between India and Kenya has been notified in the Official Gazette on 19th February, 2018. The revised DTAA will improve transparency in tax matters, help curb tax evasion and tax avoidance, remove double … Continue reading

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Limitation Act not applicable to Insolvency Code: NCLAT

The National Company Law Appellate Tribunal recently ruled that the Limitation Act, 1963 is not applicable to the Insolvency & Bankruptcy Code, 2016 (“I&B Code”) as the latter is not a code for recovery of money claim, rather it relates … Continue reading

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Protocol for amendment of India-Mauritius DTAA notified: Govt.

The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries on 10th May, … Continue reading

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India-Mauritius DTAA amended: Govt.

India and Mauritius signed the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains. The key features of the Protocol are as … Continue reading

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India-Macedonia inks DTAA

India and Republic of Macedonia signed the new Agreement for the avoidance Of Double Taxation and the prevention of fiscal evasion (DTAA) with respect to taxes on income. Once the DTAA enters into force, it will provide relief to taxpayers … Continue reading

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One month period u/s 142 NI Act be reckoned by excluding date of cause of action: SC

In an important ruling, a large Bench of the Supreme Court of India clarified that while calculating the period of one month which is prescribed under Section 142(b) of the Negotiable Instruments Act (“N.I. Act”), the period has to be … Continue reading

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