Advertising, Marketing, and Promotion (AMP) Expenses-A controversy One of the most important and unsolved puzzles of transfer pricing litigation is AMP expenses which has no statutory provision or provision to its effect and complete analogy and understanding are getting developed purely through judicial precedents and the same is still at very early stage. Normally the …
Author: Anil Malik
Thursday Brief
SONY- ZEE Merger The board of directors of Zee Entertainment Enterprises Ltd (ZEEL) has given in-principle approval to the company’s merger with Sony Pictures Networks India (SPNI) in what could create a media combine that straddles across platforms such as cable television, digital video streaming, production operations, and music and video libraries. In nutshell deal…
Wednesday Post
UK govt as issued new travel policy for entrant into their territory, which will be effective from 4th October 2021. In this policy, any Indian entering UK will be treated as unvaccinated and he/she will have to go in quarantine and will be tested for Covid 19 and after getting the negative report then only…
Tuesday Brief
India is a world leader in vaccine manufacturing, and Indian pharmaceutical companies supply more than 50% of the global demand for vaccines needed for global immunization problems. But before Covid surged in India in March/April 2021 (second wave), Indian vaccine manufacturers like Serum Institute of India (SII), a Pune-based company, were supplying developing countries with…
Monday Post
Following years and months of a bitter duel with present Punjab Congress chief Navjot Singh Sidhu, Capt Amarinder Singh resigned as CM of Punjab and raised some serious questions against Sidhu alleging he was incompetent, has connections with Pakistan PM Imran Khan and Army Chief Gen Bajwa, and this will lead to disaster for the…
Weekend
In most of the sporting games, there is always a chance of big upsets happening, whereby some unknown name or team comes into prominence. In the recently concluded US Open Tennis grand slam tournament, there were many upsets. In the men’s section everyone was thinking that Novak Djokovic will win his record 21st grand slam…
Thursday Brief
In my blog of 24th August 2021, I had written about Vodafone-Idea (VI) is heading towards bankruptcy and problems faced by the operators in the telecom sector, and unless the Govt announce the relief package for this sector, there will be many problems. These problems will be affecting the operations of all telecom operators. At…
Wednesday Post
An irretrievable breakdown of marriage has not been given legal backing as a ground for granting a divorce, although since 1978 law commission is requesting to amend the law to include this situation as a ground for granting the divorce. It is the Supreme Court (SC) that has become the last resort for aggrieved spouses…
Tuesday Brief
It has been reported that there is an increase in the number of cases of Dengue, Malaria, and other mosquito-related diseases in Mumbai. Now along with Covid 19 cases, there is one more worry for the govt, and that is how to contain these diseases. These types of diseases are more prominent in the monsoon…
Monday Post
1 The US Open tennis tournament concluded yesterday. This is the last grand slam tournament of the calendar year. This tournament was eagerly awaited by tennis fans, as there was the possibility of world no. 1 player Novak Djokovic completing the calendar year grand slam because he had earlier won this calendar year’s other grand…