Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Category III AIFs Not Automatically Indeterminate if Investor names are Absent from Original Trust...
Income TaxOther Legal Matters
The Delhi High Court has ruled that "Category III AIFs are not automatically indeterminate" if investor names are "absent from the original trust deed." The court's decision clarifies a key aspect of tax law. The ruling reinforces the principle that an AIF cannot be taxed as an indeterminate trust if there is no proof.
