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Articles by FCS Deepak Pratap Singh

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Passing off a trademark and its implications

  FCS Deepak Pratap Singh    30 March 2022 at 09:20

As you are aware that a Trademark may be defined as a lawfully protected abstract, word, symbol, color, mark, slogan or a mixture of those related to an organization or a selected product that differentiates it from the others accessible within the market.



Transfer of capital assets between holding and subsidiary company or vice-versa and its tax implications

  FCS Deepak Pratap Singh    28 March 2022 at 08:37

As you are aware that the term "Business Restructuring" is composed of two words," Business" and "Restructuring". We know that the "Business", includes trade, commerce, manufacture, profession etc



Supreme Court: NCDRC cannot direct the appellant to amend complaints

  FCS Deepak Pratap Singh    26 March 2022 at 08:58

The error in the order of the NCDRC was to compel the appellant to amend the complaint, as a consequence of which, it granted permission to the first respondent to file a written statement to the amended complaint.



The Supreme Court of India has once again reiterated - Principles of Good Faith

  FCS Deepak Pratap Singh    24 March 2022 at 09:01

The Supreme Court of India has once again reiterated one of the foundational principles of Insurance Law: Non-disclosure of material information by an Insured at the time of entering into a contract of insurance would entitle a prudent Insurer to repudiate a claim made under the underlying policy on such ground.



Just compensation under Motor Vehicles Act 1988

  FCS Deepak Pratap Singh    24 March 2022 at 09:01

The Motor Vehicle Act of 1988 is a comprehensive Act that has replaced the Motor Vehicle Act, 1939. It was implemented on 1st July 1989. The first Act that came in force regulating the road transport vehicles was the Motor Vehicles Act, 1914.



Whether Notional Interest on Security Deposit paid by employer for accommodation of its employee will also be included while calculating perquisites

  FCS Deepak Pratap Singh    23 March 2022 at 09:09

Perquisite value of a residential accommodation provided by the employer to its employee will be calculated on the basis of actual rent paid or payable and no notional interest on Security Deposit deposited by employer



Importance of certificate of insurance (COI)

  FCS Deepak Pratap Singh    21 March 2022 at 08:49

A certificate of insurance (COI) is issued by an insurance company or broker. The COI verifies the existence of an insurance policy and summarises the key aspects and conditions of the policy. 



Analysis of word "Advancement of any other object of general public utility" under IT Act 1961

  FCS Deepak Pratap Singh    19 March 2022 at 07:18

As you are aware subject to the provisions of Sections 60 to 63, the income of a religious or charitable trust or institution, to the extent specified in the Act, is exempt from tax when certain prescribed conditions are fulfilled



Capital gains cannot be considered while calculating book profit for Section 115JB

  FCS Deepak Pratap Singh    18 March 2022 at 08:03

THE BOMBAY HIGH COURT HELD THAT- Capital Gain credited to Capital Reserve Account instead of Profit & Loss Account cannot be considered while computing Book Profit for the provision of Section 115JB (MAT).



Case study - National spot exchange limited

  FCS Deepak Pratap Singh    17 March 2022 at 08:58

As you are aware that the management of a company is supposed to work in the best interest of the shareholders, however in practice it may pursue its own agenda and that leads to the agency conflicts. Since corporates are legal entities and managed by natural persons and they collectively called Board of Directors.