The Division Bench of the Mumbai High Court consisting of Justice KK Tated and Justice JN Patel suggested the Government withdraw its affidavit stating that "Sale of Gas at a price less than $4.20 per million British Thermal Units is not envisaged according to the decision taken by the Government of India's Empowered Group of Ministers with respect to the Production Sharing Contract between the Govt. and Reliance Industries Ltd.", according to the linked article.
The LTCG tax will increase the cost of investment in India, but not by much - by Gaurav S. Ghosh. Section 33 is one of the more talked-about provisions of the Finance Act, 2018. This is the section that reintroduces a tax on long-t...
3 days ago