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Articles by ravidevaraj

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Fidelity Insurance

  ravidevaraj   22 April 2009 at 15:17

Fidelity Insurance What is Fidelity Insurance?Fidelity insurance protects organizations from loss of money, securities, or inventory resulting from crime. Common Fidelity claims allege employee dishonesty, embezzlement, forgery, robbery, safe burglar ..


Posted in Corporate Law |   2979 Views


Lawyers not liable under consumer Act: SC

  ravidevaraj   15 April 2009 at 22:58

Bar of Indian Lawyers vs. D. K. Gandhi (Supreme Court)The State Commission, Delhi, held that services rendered by a Lawyer would not come within the ambit of s. 2(1)(o) of the Consumer Protection Act, 1986, as the client executes the power of attorne ..


Posted in Corporate Law  3 comments |   4985 Views


Even a Contractor is a Developer for purposes of s. 80-IA(4)

  ravidevaraj   13 March 2009 at 15:12

Om Metals Infraprojects vs. CIT (ITAT Jaipur) Where the assessee entered into an agreement with the Vidharbha Irrigation department for supply, erection and installation of dam gates and the question arose whether it was “developing an infrastructura ..


Posted in Taxation |   2702 Views


Tax implications of employee secondment contracts

  ravidevaraj   13 March 2009 at 15:07

 Where the assessee entered into a ‘secondment agreement’ with a US Company and obtained the services of an employee and the question arose whether the reimbursement by the assessee to the US Company of the salary paid by the US Company was chargeabl ..


Posted in Taxation |   3796 Views


The power to condone delays

  ravidevaraj   13 March 2009 at 12:58

While laws are to be complied with, the time by which actions need to be taken should be mentioned. Failure to do so makes actions time-barred to the prejudice of the parties concerned. However, powers to condone delays vest in the authorities concer ..


Posted in Civil Law |   2194 Views


Reopening notice even if served after limitation period is valid.

  ravidevaraj   06 March 2009 at 10:18

Where the AO issued a notice under section 147 of the Act and also tried to serve it on the assessee within the limitation period of six years but the assessee claimed that same was served only after the expiry of the limitation period and the ques ..


Posted in Taxation |   1592 Views


Effect of retraction of statement of confession.

  ravidevaraj   05 March 2009 at 22:18

Vinod Solanki vs. UOI (Supreme Court) Where during FERA search proceedings the accused-appellant allegedly confessed to violations of the law and later filed an affidavit retracting his confession and the Tribunal and the High Court rejected the retr ..


Posted in Constitutional Law |   4344 Views


Employer not required to check proof when deducting TDS u/s 192

  ravidevaraj   05 March 2009 at 22:18

CIT vs. ITI Ltd (Supreme Court) Where the assessee-employer allowed the employees the benefit of deduction under section 10 (5) of the Act without collecting evidence to show that its employees had actually utilized the amounts paid towards Leave Tra ..


Posted in Taxation |   1997 Views


Are shareholders' agreements enforceable in India?

  ravidevaraj   03 March 2009 at 23:43

While shareholders' agreements are enforceable in England regardless of whether they have been incorporated in the articles of association of the company, in India they are not enforceable unless incorporated in the articles. This state of affair ..


Posted in Corporate Law |   3251 Views


Even an Indian company can claim the benefits of non-discrimination under the DTAA

  ravidevaraj   03 March 2009 at 11:44

Even an Indian company can claim the benefits of non-discrimination under the DTAAWhere the assessee was an Indian company and more than 51% of its equity share capital was held by a German company (Daimler Benz AG) and pursuant to an offshore merge ..


Posted in Taxation |   1690 Views