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Direct Tax

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CBDT Clarifies the Applicability of GAAR Grandfathering on Income from Transfer of Investments Acquired Prior to 1 April 2017

Submitted by yvonne on Thu, 04/02/2026 - 12:48

CBDT has issued a notification dated 31 March 2026 (Notification), providing a significant clarification on the non-applicability of General Anti-Avoidance Rules (GAAR) with respect to income arising from the transfer of an investment that was made prior to 1 April 2017.

DWS Group GmbH & Co. KGaA - Acquisition of 40% stake by DWS in Nippon Life India AIF Management Limited

Submitted by kcoadmin on Tue, 03/31/2026 - 14:06

Khaitan & Co advised DWS Group GmbH & Co. KGaA (“DWS”) in relation to its proposed acquisition of 40% of Nippon Life India AIF Management Ltd (“NAIF”), currently a wholly owned subsidiary of Nippon Life India Asset Management Ltd (“NAMI”) for a consideration of approx. INR 733 crores by subscribing to equity shares to be issued by NAIF by way of preferential allotment (“Proposed Transaction”).

Poggipolini S.p.A - Strategic acquisition of majority stake in Aero Fasteners Private Limited

Submitted by kcoadmin on Tue, 03/24/2026 - 14:56

Khaitan & Co advised Poggipolini S.p.A on its strategic acquisition of majority stake in Aero Fasteners Pvt Ltd. Through this partnership, the parties intend to strengthen local capabilities to design and manufacture advanced engineered products in India and cater to the Indian aerospace and defence ecosystem.