In its decision in the case of Air France KLM (C-250/14, decision dated 23.12.2015) the European Court of Justice (‘ECJ') has clarified the legal position regarding levy of tax on amounts forfeited by the airlines on account of no-show by the passengers for which the passenger is unable to...

Capital market regulators have hitherto insisted on a disclosure based regime, with respect to Initial Public Offerings (IPO), to provide investors with more and more information so that they can evaluate their investment options in a better way. However, more disclosure creates information...

Incumbent upon giving effect to the mandate of gender equality as envisaged under Article 39(d) of the Constitution, the Equal Remuneration Act was enacted in 1976 to bring to force the policy of 'equal pay for equal work for men and women'. The present paper examines the ambit and limits of...

The term, 'hire-purchase' symbolizes a business transaction which originates from a written agreement under which goods are let on hire, and the hirer has an option to purchase those hired goods in accordance with the terms of such agreement. These terms include the provision of delivering the...

The Indian Goods and Services Tax (GST) regime recently replaced the earlier laws providing for tax on supplies of goods and services. Under the new regime, transfer pricing rules have been introduced, which were virtually non-existent earlier. The GST regime insists on arm's length pricing in...

Interpretation of fiscal statutes, as contrasted from interpretation of other enactments, is a nuanced task as a variety of additional considerations apply. Jurisprudential survey reveals that the complexity is accentuated when subordinate fiscal legislation particularly those relating to...

The Constitution (One-Hundred and Twenty-Second Amendment) Bill, 2014 currently pending consideration of the Parliament seeks to usher a new indirect tax regime in India purported as the ‘Goods and Service Tax' The avowed intent of this Amendment Bill, in terms of its “Statement of Objects...

As the name suggests, “Consignment Taxes” imply taxes on consignment. In India these are also colloquially understood as taxes on ‘stock-transfer' of goods which is how most consignment of goods are effected in the country. These essentially relate to movement of goods from one territory...

This paper uses data from artefactual field experiments and surveys conducted in 61 villages in India to examine whether men and women respond differently to women as leaders. We investigate the extent to which behavior towards female leaders is influenced by experience with women in leadership...

This paper examines the impact of students' network size, distance, prestige and connections to influential individuals on academic performance. Larger and closer networks facilitate information exchange, but may also increase distractions that decrease productivity. To resolve this ambiguity,...