Ergo Update
Gains from transfer of cryptocurrency, pre-2022 amendment, taxed as ‘capital gains’
The Hon’ble Income-tax Appellate Tribunal (Jodhpur bench) (ITAT), in the case of Raunaq Prakash Jain v ITO, [2024] 169 taxmann.com 298 (Jodhpur-Trib) [28.11.2024] ruled that gains arising from transfer of cryptocurrency are taxable as ‘capital gains’ (Ruling).
Content with a conscience | MIB’s call for responsible depiction of drug use
On 16 December 2024 the Ministry of Information and Broadcasting (MIB) published an advisory for OTT platforms on streaming content related to narcotic drugs and psychotropic substances (Advisory).
Challenges in enforcing JV non-compete clauses: the Delhi High Court's view on irreparable loss and balance of convenience
In most instances, a joint venture emerges out of one or more commercial incentives for parties to come together and collaborate rather than ‘go at it alone’. It could be on account of securing access to local expertise, sharing of otherwise scarce resources / technologies / know-how in a controlled environment, etc.
Growing Concern over Deepfakes – CERT-In Issues Advisory
On 27 November 2024, the Indian Computer Emergency Response Team (CERT-In) issued an advisory on Deepfake Threats and Countermeasures (Advisory), highlighting the escalating risks posed by the increasing sophistication of deepfake technology. This advisory serves as a critical resource for individuals, organizations, and businesses to identify, assess, and mitigate the threats arising from synthetic media.
SEBI’s move to Simplify Succession and Reduce Unclaimed Assets: and the Nominees are…
On 28 November 2024, SEBI notified the Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2024, introducing a new Regulation 60A under Chapter VII of the SEBI (Depositories and Participants) Regulations, 2018 (SEBI DP Regulations).
Karnataka's Final GCC Policy Launched
Karnataka is home to 875+ Global Capability Centres (GCC) units, having the largest share of India’s GCC talent and accounting for 35% of the GCC’s workforce in India. Karnataka’s impressive performance is largely attributed to its capital city, Bengaluru, often referred to as India’s ‘Silicon Valley’ and ‘Unicorn Capital’, which is also recognised as the world's second-largest hub for artificial intelligence talent.