A recent article in livemint discusses the taxation of commodity derivatives.
The Karnataka High Court had an occasion to adjudicate on a Vodafone like case. The judgement is available here.
The Firm discusses the legal challenges and issues surrounding Slump Sales. There has been some debate in recent times over slump sales especially when the sale involves a core area of business. The recent divestment by Kanoria Chemicals of its Chloro Chemical Division (CCD) to Adiya Birla Chemicals (India) Limited (ABCIL) is an example of such a sale.
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