Legislative Agenda of the Current Indian Parliamentary Session
U.S.-India Business Council hosted a briefing via conference call to discuss: Legislative Agenda of the Current Indian Parliamentary Session. Enclosed is the presentation which provides insights on the Indian political and...
BEPS and beyond BEPS: Impact and next steps
Tax disputes and their resolution under BEPS? Will they work? Click here to view the presentation made at Foundation for International Taxation Conference 2015: FIT presentation – Tax disputes and resolution under BEPS...
Column: Clarification raj
Source: The Financial Express The regulators’ wide discretionary powers and ambiguous legislation are hurdles for a stable legal framework. Economist and author Adam Smith famously observed, “If a society provides a stable and...
Big win for Sogo Shoshas
Financial Express The Delhi Tribunal last week delivered a Diwali gift to Japanese trading giant Mitsubishi Corporation. The judgment has positive implications for Japanese companies and should go a long way in encouraging...
A perfect-10 verdict for investment
The Bombay High Court’s ruling in the Vodafone taxation matter strikes at the tax administration’s adventurism. Source: The Financial Express In a landmark verdict rendered on October 10, the Bombay High Court has held that...
Delhi High Court De-freezes Nokia Assets!
Money control In a petition filed by Nokia against order of the tax administration to freeze all assets of Nokia in India against anticipated liabilities (claims range between 2500 to 21,000 crores), the Delhi HC has granted...
Tax relief: Nokia’s Chennai workers look forward to joining Microsoft
Firstpost Workers of Nokia’s Chennai’s plant welcomed the Delhi High Court order that has paved the way for the sale of the assets of the Finnish firm in India to Microsoft. The court had restrained the company from...
Legal views on India allowing Nokia to transfer Chennai factory to Microsoft
Vc Circle The tax administration could have sought a charge and permitted Nokia to transfer the asset. The Delhi High Court has accepted an appeal by Finland-based Nokia Inc to lift the freeze on the company’s factory at Chennai...
Nokia allowed to sell Chennai factory to Microsoft
Mint Nokia Oyj is now free to sell its Indian assets to Microsoft Corp. as part of a $7.2 billion sale of its global mobile phone business, after the Delhi high court ordered India’s income-tax (I-T) department to unfreeze the...
Court allows Nokia sale on parent’s guarantee
Financial ExpressIn case Nokia India loses case, tax liability will be Nokia Finland’s In a major relief for Nokia India, the Delhi High Court on Thursday lifted the freeze on the assets of its phone manufacturing facility in...