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The Taxation Laws (Amendment) Bill 2021 | End of the Retrospective Tax

The Taxation Laws (Amendment) Bill, 2021[1]was introduced in Lok Sabha on 5th August 2021 & passed on 6thAugust 2021. The bill proposed to amend the Income Tax Act, 1961 and the Finance Act of, 2012[2]which would scrap the consequences of the Retro Tax amendment which had been done after a supreme court judgment on 20th

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Importance of Corporate Social Responsibility and Business Ethics in Growth and Development of Business

The concept of business ethics and corporate social responsibility have come to force in the recent years. These two concepts are increasing rapidly in developed as well as developing nations because of the result in the growing sense of corporate wrongdoing. Both concepts can bring significant growth to any business enterprise and there is also

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Global Minimum Corporate Tax Rate | US-initiated Global Tax Deal against Tax Havens

  In a historic international taxation systemdeal, closing cross border tax loopholes when the Finance ministers from the group of seven rich nations (G7) signed a landmark accord setting a global minimum corporate tax rate, forming the foundation of a worldwide deal. The giants are known to exploit the loopholes reducing their tax liabilities. Introduction

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Environmental Liability and the Polluter Pays Principle

Introduction: As environmental pollution increases, the risk of the consequences of degradation of environment not only falls on the specific country where such activities are being carried out, but also spreads across the globe, especially the countries near such areas of practice. This puts the innocent countries at high risk of being exposed to environmental

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The Price of Laughter: Stand-Up Comedy and Intellectual Property Law

Introduction Intellectual Property Law is often concerned with protections issued in favor of innovators for their inventions which includes writing, music, designs, and other works. These innovations are largely protected by Intellectual Property Rights (IPRs) such as copyrights, trademarks, patents, and trade secrets. The trend of such laws is recognizing the importance of protecting competition,

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Blasphemy and Hate Crime: Indian Perspective

Introduction Blasphemy law prohibits Blasphemy, which is insult or disrespect to God, religious texts, or feelings. It is derived from the Greek term “blasphmia,” translated from Latin to Old French to Middle English[1]. Blasphemy is commonly defined as the act or action of speaking sacrilegiously about God or sacred objects, which is associated with irreverence

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