A practical resolution of the retrospective tax demands will decide the future of the online gaming industry, ET LegalWorld

The digital revolution has transformed the landscape of entertainment, with online gaming emerging as a significant player in India’s burgeoning digital economy. However, amidst the exponential growth of the online gaming industry, a thorny issue has surfaced: taxation. Recent developments in taxation policies, particularly concerning GST rates & valuation, have sparked a heated debate between … Read more

“The mini-budget is just a forerunner to the larger picture that will be shown in the annual budget” say experts on Interim Budget 2024, ET LegalWorld

On Taxes “On the tax front, the interim budget maintained existing direct and indirect tax rates. While this may disappoint sectors requesting reductions, it offers stability and predictability for businesses in general. There is definitely some positive news for small taxpayers embroiled in long-standing disputes, some even dating back to 1962. The withdrawal of cases, … Read more

Judicial independence critical for operation of legal institutions: ICJ Judge, ET LegalWorld

Judicial independence is critical for the operation of legal institutions, particularly in volatile political contexts, the International Court of Justice judge Hilary Charlesworth said here on Saturday. Hilary Charlesworth, an Australian international lawyer who has been a Judge of the ICJ since 5 November 2021, was delivering the second annual lecture on ‘The International Court … Read more

Addressing Third Party Compliance Risks, Legal News, ET LegalWorld

India is one of the most high-risk jurisdictions for bribery and corruption risks. According to Transparency International’s report in 2022, India ranks 85th in the world in terms of the Corruption Perceptions Index. In India, it is an accepted culture to use intermediaries for obtaining permissions, approvals, licenses, creating high risk for corruption on account … Read more

State can’t be selective in granting quota to backward classes as it will lead to appeasement: SC, ET LegalWorld

The Supreme Court, examining whether states can sub-classify the Scheduled Castes and Scheduled Tribes for the grant of a quota within a quota, said on Thursday that the state governments cannot be selective in granting reservation benefits to backward classes as it will lead to a dangerous trend of appeasement. The top court is hearing … Read more

Dani Alves denies alleged sexual assault, testifies he’s ‘not that type of man’, ET LegalWorld

Brazilian soccer star Dani Alves denied accusations that he sexually assaulted a young woman at a Barcelona nightclub, testifying that he’s “not that kind of man.” After two days of listening to testimony from the alleged victim, witnesses, and experts, Alves told a Spanish court on Wednesday that their encounter had been consensual. His accuser … Read more

Castes of SCs, STs may not be homogenous in terms of social, economic status: SC, ET LegalWorld

The Supreme Court, examining whether states can sub-classify scheduled castes and scheduled tribes for grant of quota inside quota, on Wednesday said all SCs and STs may not be homogenous in terms of their sociological, economic, education and social status. “They (SCs and STs) may be a class for a certain purpose. But, they may … Read more