Legal Insights

Illustrative image The Central Board of Direct Taxes (CBDT) has recently issued Notifications 54 and 55 of 2026, amending Rule 10U of the Income-tax Rules, 1962 and Rule 128 of the Income-tax Rules, 2026, which excludes the application of General Anti-Avoidance Rules (GAAR) on income arising from the transfer of investments made before April 1, […]

Samvardhana Motherson Subsidiary SMR Hyosang Settles Korean Subcontracting Dispute Samvardhana Motherson International has informed the stock exchange of a mediation settlement involving its indirect wholly-owned subsidiary, SMR Hyosang Automotive (South Korea) with its sub contractor. On April 6, 2026, SMR Hyosang signed an agreement with a subcontractor, facilitated by the Subcontracting Dispute Mediation Committee (SDMC)

Vodafone Idea New Delhi, The telecom department expects that AGR reassessment for Vodafone Idea — which recently received government relief for its dues and liabilities — will be completed by June, sources said. The reassessment was earlier targeted for completion by March 31. Sources said the review of Spectrum Usage Charge (SUC) is on, following

S&A Law Offices has announced its annual elevations for 2026, promoting 23 key members across multiple practice areas, reinforcing the Firm’s commitment to recognising excellence and strengthening its leadership pipeline. As part of this year’s promotions, three Partners, Mr. Rajdutt Shekhar Singh (Dispute Resolution), Ms. Smita Singh (Indirect Tax, Customs & Trade), and Mr. Shrimant

Anshul Verma, Partner at SKV Law Offices SKV Law Offices has appointed Anshul Verma as Partner. Verma will lead the Firm’s newly established Technology, Data Privacy, Artificial Intelligence and Emerging Technologies Practice, significantly strengthening the Firm’s capabilities. Recognised for her strong command of technology law, Verma possesses deep expertise across critical domains, including technology outsourcing

Pershing Square proposes $64 billion Universal Music merger with acquisition company – Bill Ackman‘s Pershing Square on Tuesday proposed merging its acquisition vehicle with Universal Music Group with a plan to list in the United States in a deal aimed at reviving the world’s biggest music label’s value. Pershing Square‘s cash-and-shares offer values Universal Music

Minhaz Lokhandwala, Rashi Saraf and Sidharth Manchanda JSA Advocates and Solicitors (JSA) has bolstered its corporate practice by onboarding three CMS INDUSLAW partners including Siddharth Manchanda, Rashi Saraf and Minhaz Lokhandwala, along with their team of 18 associates and 1 retained partner, Vinit Patwari. Manchanda has over 17 years of experience in venture capital and

By Abhijith Ganapavaram Air India CEO Campbell Wilson resigns amid losses and regulatory scrutiny, source says NEW DELHI, – Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed

New labour codes allow certain workers to claim gratuity after one year New Delhi, The new labour codes have changed gratuity rules, allowing certain eligible employees to claim gratuity after one year of continuous service, cut down from the erstwhile rule of five-year period. The new labour codes implemented in November 2025, makes gratuity available