Articles by: Upendra Kasbekar

Road Builders may be Liable for 10 Years

Road Builders may be Liable for 10 Years

  The move aims to cut down road maintenance costs and improve the quality of construction, thereby reducing mishaps The Ministry of Road Transport and Highways is considering extending the defect-liability period for engineering procurement construction (EPC) contracts from 5 to 10 years. The aim is to reduce road maintenance costs for the government and improve construction quality, which will[Read More…]

by February 14, 2024 News
Toyota Kirloskar gets ITAT Relief over Royalty Payments

Toyota Kirloskar gets ITAT Relief over Royalty Payments

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Toyota Kirloskar Motor on transfer pricing adjustment relating to royalty payments made to Toyota Motor Corporation, Japan, and Toyota Motor Asia Pacific, Singapore. However, in a verdict last month, the appellate body dis- missed Toyota Kirloskar’s appeal against the payment of dividend distribution tax (DDT) using the[Read More…]

by February 13, 2024 News
Tata Motors, Bandhan Bank Ink Deal for Competitive Vehicle Financing

Tata Motors, Bandhan Bank Ink Deal for Competitive Vehicle Financing

Tata Motors and Bandhan Bank sign MoU to offer attractive commercial vehicle financing solutions Tata Motors, in a strategic move, has inked a Memorandum of Understanding (MoU) with Bandhan Bank to facilitate convenient financing solutions tailored for its commercial vehicle clientele. This collaboration entails Bandhan Bank extending financing options across Tata Motors’ entire commercial vehicle portfolio. Leveraging the bank’s expansive[Read More…]

by February 12, 2024 News

Vehicle Registration Expiry No Bar to Death Payout

A consumer forum in Narmada district in Gujarat ordered an insurance company to pay Rs 15 lakh in death claim to the family of a man who died in a road accident after rejecting the firm’s argument that the victim’s vehicle registration had expired. Dinesh Baria, a resident of Narmada district, died of grievous injuries after a truck hit his[Read More…]

by February 12, 2024 News