Scheme for Faceless Assessments and Appeals – Analysis thereof

Corruption in the tax department was not uncommon. To remove this evil, the Hon’ble Prime Minister on 13th August, 2020 while inaugurating National E-Assessment Centre announced that henceforth there will be transparency in the department and honest tax payers will be honoured.  He made following three announcements:- Henceforth assessments will be made without personal interaction […]

Nilesh M KapadiaPartner, NMK & Co LLP Chartered Accountants

Indian Ports & Terminals – SAROD-Ports: Shipping Ministry’s Game Changing Redressal Mechanism:

Authored by: Gautam Bhatikar | Senior Partner Legasis Partners, Mumbai India The Ministry of Shipping, Government of India (Ministry) has been proactively attempting to ameliorate the Major Port Sector in order to create an environment conducive to investment. The Ministry, in its bid to, increase and encourage the participation of private players in Public Private […]

Gautam BhatikarPartner, Phoenix Legal

KNAV joins IR as the exclusive Tax (Accountants) Member in India

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Amitabh Khemka of KNAV. Amitabh has joined IR as our exclusive Tax (Accountants) Member in India. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. KNAV started operations in […]

Amitabh KhemkaPartner, KNAV

KNAV joins IR as the exclusive Tax (Accountants) Member in India

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Uday Ved of KNAV. Uday has joined IR as our exclusive Tax (Accountants) Member in India. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. KNAV started operations in […]

Uday VedPartner, KNAV

KNAV joins IR as the exclusive Business & Asset Valuations Member in India

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Vaibhav Manek of KNAV. Vaibhav has joined IR as our exclusive Business & Asset Valuations Member in India. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. KNAV started operations […]

Vaibhav ManekPartner, KNAV

KNAV joins IR as the exclusive Business & Asset Valuations Member in India

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Anand Shah of KNAV. Anand has joined IR as our exclusive Business & Asset Valuations Member in India. KNAV is an Atlanta, US based firm offering a complete suite of services including Assurance, Advisory, Tax and Transaction Advisory Services. KNAV started […]

Anand ShahDirector, KNAV

Admiralty Act reigns over Insolvency Laws: Bombay High Court rules

The Indian Admiralty/ and Insolvency regime have been effectively revamped over the last couple of years. Prior to 2016, there were a multitude of convoluted legislations dealing with the insolvency process which failed to provide an efficient and time bound resolution to stakeholders. In 2016, following an exhaustive public consultation and recommendations process, the India […]

Gautam BhatikarPartner, Phoenix Legal

Update on relaxations for increase in working hours for factories

Background In a bid to boost the Indian economy, multiple states had permitted factories to extend the working hours of their workforce for a fixed period of time. Instead of the usual 48 hours a week, workers in factories were permitted to work between 60 and 72 hours in a week and would be entitled […]

Aliff FazelbhoySenior Partner, ALMT Legal, Advocates & Solicitors