In this post, the authors analyse the decision of the Delhi High Court in Union of India v. Reliance Industries Ltd. to argue that allowing arbitrators to rule on their own impartiality potentially violates this principle of natural justice.
Direct Tax Highlights Budget 2023 has brought about a change in the slab rates u/s 115BAC. The Finance Bill seeks to change the existing slab rates, by exempting income up to ₹ 3,00,000 from any tax, and increasing each band of taxation by up to ₹ 3,00,000 up to an annual income of ₹ 15,00,000. …
In this post, the author seeks to highlight the need for a robust Maintenance, Repair and Overhaul (MRO) policy to make India a global hub for the maintenance of Aircraft and Repair. In doing so, the author draws a comparison with the existing framework and points out areas where India can make improvements.