Business Today – India withdraws retro tax: What Next?
– Mukesh Butani On August 5, 2021, the government proposed the Taxation Laws (Amendment) Bill, 2021 to amend Section 9 of the Income Tax Act, 1961 (ITA). It was notified as an Act on August 13 after being passed by both...
Kluwer International Tax Blog: Global Experts debate Landmark Transfer Pricing Cases in IFA Webinar
– Mukesh Butani & Seema Kejriwal On 20 May, 2021 the first Webinar of IFA’s online series “A conversation on International Tax Practice” was held. Chaired by Robert Danon (Chair IFA Permanent Scientific Committee),...
The Financial Express: Retrospective Tax Law: Good riddance to a bad taxation approach
By Mukesh Butani & Tarun Jain Sovereignty’s manifestation, especially in contemporary civilisation, is shaped by pragmatism and due process. Bill of rights, constitutionalism, an independent judiciary, etc, within the...
Bloomberg|Quint – CESTAT Order: Onerous GST Burden On PE And VC Funds
– Mukesh Butani and Shankey Agarwal A recent ruling of the Customs Excise and Service Tax Appellate Tribunal ruling has a far-reaching impact on private equity and venture capital funds by substantially pushing up their...
Bloomberg Quint – India And Post-Pandemic Bilateral Investment Treaties
– Mukesh Butani & Aparna Raman As the Covid-19 pandemic crisis and its aftereffects continue in India and across the world, it is expected that global investors will seek strategic realignment to navigate an environment...
The Financial Express: OECD Tax Proposals: What are the implications for India?
Uncertainty on the process and outcome await the Indian tax authorities and businesses covered under OECD pillar one & two By Mukesh Butani & Tarun Jain The OECD, on July 1, issued a statement indicating consensus amongst...
Bloomberg Quint: Personal Guarantors Judgment– Time For Promoters To Right-Size Insolvency Risk
– Mukesh Butani & Pradeep Joy The Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been...
The Business Standard: India opening legal service to UK lawyers: Introspecting a roadmap for 2030
Mukesh Butani & Tarun Jain Extensive stakeholder consultation and pragmatic measures to assuage the concern of Indian lawyers are necessary before changes are affected Amid the pandemic gloom, a news to cheer is the...
BW Legal World: India Rethinks its Trade Relationships: Appraising the New Outlook
It is premature to conclude whether the new trajectory on FTAs will mark a watershed moment in India’s trade partnership and business interests. Nonetheless, the intent and effort to reach greater heights in economic alliances...
The Financial Express: Supreme Court on software taxation: A torch-bearing verdict in the tax-treaty space
By Mukesh Butani & Tarun Jain Whether the licence to use computer software is a transfer of copyright was the core issue before the Supreme Court in the case of Engineering Analysis and a batch of over 80 appeals that was...