India is a party to a recent Joint Declaration made by ten countries to recognize privacy freedoms and guarantees, aiming for closer cooperation on promoting high privacy standards and convergence of data regimes. This podcast discusses the joint declaration in light of cross-border conditions and data subject rights under forthcoming data protection law and its impact on data transfer impact assessments in EU-to-India data transfers.

Audio Source: An article published on the LKS website in February 2022 https://www.lakshmisri.com/insights/articles/evolving-cooperation-on-facilitating-easier-cross-border-data-flows/#

Authors:  Sameer Avasarala, Sr. Associate (LKS), and Prashant Phillips, Partner (LKS)

Voice: Ena Chakravorty Head- PR & Corporate Communications (LKS)

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This podcast discusses key aspects of the verdict pronounced by the WTO panel on sugar subsidies allegedly granted and maintained by India. The panel proceedings were initiated subsequent to three separate complaints initiated by Brazil, Australia, and Guatemala against India. 

Audio Source: An article published on the LKS website in February 2022 https://www.lakshmisri.com/insights/articles/india-sugar-subsidies-a-bitter-verdict-at-the-wto/# 

Author:  Jayant Raghu Ram, Principal Associate (LKS) 

Voice: Vrinda Maheshwari, Lead – Business Planning and Operations (LKS)

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The podcast analyses a ‘condition’ for availing tax holidays under various provisions of the Income-tax Act, which provides that new businesses must ‘not be formed by splitting up, or reconstruction, of a business already in existence.

Audio Source: An article published on the LKS website in February 2022 https://www.lakshmisri.com/insights/articles/dilemma-of-formation-by-reconstruction-or-splitting-up-of-existing-business-a-deterrent-to-income-tax-benefits/#

Authors:  Prachi Goel, Sr. Associate (LKS), and Aastik Ahuja, Associate (LKS)

Voice: Ena Chakravorty, Head- PR & Corporate Communications (LKS)

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India has seen rapid acceptance of crypto or digital currencies for trading and investment purposes. But the absence of a legal framework has created a bottleneck in the innovation and adoption of blockchain technology and cryptocurrencies in the country. This podcast discusses some taxation related queries highlighted in the recent Finance Bill, 2022

Audio Source: An article published on the LKS website in February 2022 https://www.lakshmisri.com/insights/articles/taxing-of-crypto-gains-ushering-in-a-new-era-of-regulation/#

Author:  Kumar Panda, Sr. Associate (LKS)

Voice: Nitum Jain, Principal Associate (LKS)

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The year 2021 has been quite enriching for the competition law regime in India with multiple investigations ordered into varied sectors and commendable changes adopted by the CCI due to the COVID-19 pandemic, such as e-filings, virtual mode of hearings, etc. This podcast briefly discusses the major highlights of the year gone by. 

Audio Source: An article published on the LKS website in January 2022 https://www.lakshmisri.com/insights/articles/competition-law-in-india-2021-a-year-in-review/# 

Authors:  Charanya Lakshmikumaran, Partner (LKS); Neelambera Sandeepan, Joint Partner (LKS); and Prathamesh Pareek,  Associate (LKS) 

Voice: Sahana Rajkumar, Principal Associate (LKS) 

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This podcast compares the scope of source rule of taxation of FTS, royalty, and interest under Indian domestic law and tax treaties.  

Audio Source: An article published in the International Tax Review in February 2022 https://www.internationaltaxreview.com/article/b1wsqzxdjgb3l5/source-taxation-of-fees-for-technical-services-indian-domestic-law-v-tax-treaties 

Authors:  S Vasudevan, Executive Partner (LKS); and Harshit Khurana, Principal Associate (LKS) 

Voice: Ena Chakravorty, Head- PR & Corporate Communications (LKS) 

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The new amendments proposed by Budget 2022 to Section 38 of the CGST Act seek to introduce new restrictions on credit availment by the recipient. This podcast focuses on the scope of these restrictions and what compliance thereof means for recipients.  

Audio Source: An article published on the Bar and Bench website in February 2021 https://www.barandbench.com/view-point/the-viewpoint-budget-2022-impact-of-proposed-gst-amendments-on-credit-availment  

Authors:  Anshul Mathur, Partner (LKS), and Nitum Jain, Principal Associate (LKS)   

Voice: Nitum Jain, Principal Associate (LKS) 

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This podcast discusses the Supreme Court's decision on the classification of relays triggered a reaction from the automobile industry and inturn, the CBIC. Meandering through the HSN, contemporary decisions on classification, the primary use test, and also on the nuance of classification being super-specific to the commodity sought to be classified, the CBIC's Circular is partly a  response to trade representations to contextualise Westinghouse Saxby and partly a missive to field formations.

Audio Source: An article published on the LKS website in January 2021 https://www.lakshmisri.com/insights/articles/westinghouse-saxby-farmer-ltd-the-saga-continues/

Authors:  Sai Prashanth, Joint Partner (LKS), and Krithika Jaganathan, Principal Associate (LKS) 

Voice: Ena Chakravorty, Head- PR & Corporate Communications (LKS) 

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Validity of reassessment notices issued under the old regime after the implementation of new reassessment provisions has been the subject matter of litigation recently. The Podcast summarizes the findings of different High Courts and highlights the correct position of law on the said issue.  

Audio Source: An article published on the LKS website in January 2021 https://www.lakshmisri.com/insights/articles/reassessment-notices-issued-under-old-regime-an-attempt-to-revive-a-dead-law/  

Author:  Devashish Jain, Sr. Associate (LKS)  

Voice: Ena Chakravorty, Head- PR & Corporate Communications (LKS)  

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The podcast briefly discusses the decision and implications of the judgment rendered by the CESTAT against the Finance Ministry’s decision rejecting the recommendations of DGTR to impose anti-dumping duty on imports of Choline Chloride originating in or exported from China PR.  

Audio Source: An article published on the LKS website in December 2021 https://www.lakshmisri.com/insights/articles/finance-ministry-s-decision-not-to-impose-anti-dumping-duty-blurred-lines/#  

Author:  Aayush Rastogi, Associate (LKS)  

Voice: Sahana Rajkumar, Principal Associate (LKS)  

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