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SC Larger Bench decision in case of Kone Elevators – distinction between ‘contracts of sale’ vis-a-vis ‘works contract’
The Constitutional Bench of the Hon’ble Supreme Court (SC), over-ruling the earlier decision of three-member Bench re State of A.P. v. Kone Elevators (India) Ltd1, has held that the activity of manufacturing, …
The dramatic return of virtual currencies to India
Virtual currency exchanges once again have access to the banking system, but more clarity is still needed.
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