Articles by FCS Deepak Pratap Singh

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Tax savings through HUF

FCS Deepak Pratap Singh 11 April 2022 at 08:45

HUF is a creation of law and cannot be created by the act of parties, except in the case of adoption by member of HUF.

Concept of "Safe Harbour Rules" under Income Tax Act 1961

FCS Deepak Pratap Singh 11 April 2022 at 08:45

Base erosion and profit shifting (BEPS) refers to corporate tax planning strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions, thus "eroding" the "tax-base" of the higher-tax jurisdictions.

SC: Collective Investment Scheme floated by a private trust is illegal

FCS Deepak Pratap Singh 08 April 2022 at 09:03

From the discussion and the decision of the Apex Court,it is clear that according to the statutory scheme a collective investment scheme can only be floated by a person in the form of a collective investment management company and not in any other form and this is why, under sub-section 2 of Section 11AA, the term “company" is used instead of "person."

SC: Any change in terms and conditions of insurance should be intimated to the insured at the time of renewal

FCS Deepak Pratap Singh 07 April 2022 at 08:42

The undisputed facts are that the appellants contracted with the respondent (hereinafter referred to as "the insurer") and secured a medical insurance policy (hereinafter referred to as "Mediclaim"), for the first time in 1982.

Some facts related to trade secret

FCS Deepak Pratap Singh 04 April 2022 at 09:02

A trade secret is information that has either actual or potential independent economic value by virtue of not being generally known

Non-disclosure or concealment of material facts under insurance

FCS Deepak Pratap Singh 02 April 2022 at 09:13

A Mediclaim Policy is a non-life insurance policy meant to assure the policyholder in respect of certain expenses pertaining to injury, accidents or hospitalisation

SC: Claim against an unregistered vehicle is not payable

FCS Deepak Pratap Singh 31 March 2022 at 09:34

From judgement of Apex Court mentioned above it is clear that Registration of a Vehicles according to the provisions of Section 39 of MVA,1988 is mandatory and a person without valid registration is not allowed to drive vehicle at public place.

Passing off a trademark and its implications

FCS Deepak Pratap Singh 30 March 2022 at 09:20

As you are aware that a Trademark may be defined as a lawfully protected abstract, word, symbol, color, mark, slogan or a mixture of those related to an organization or a selected product that differentiates it from the others accessible within the market.

Transfer of capital assets between holding and subsidiary company or vice-versa and its tax implications

FCS Deepak Pratap Singh 28 March 2022 at 08:37

As you are aware that the term "Business Restructuring" is composed of two words," Business" and "Restructuring". We know that the "Business", includes trade, commerce, manufacture, profession etc

Supreme Court: NCDRC cannot direct the appellant to amend complaints

FCS Deepak Pratap Singh 26 March 2022 at 08:58

The error in the order of the NCDRC was to compel the appellant to amend the complaint, as a consequence of which, it granted permission to the first respondent to file a written statement to the amended complaint.