Direct Tax
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direct_tax
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Expectation of inheritance does not override Nominee’s Rights – SC Weighs In
In the ongoing dispute between the Oswal family in relation to nomination of the shares of Oswal Agro Mills Limited, the Supreme Court has set aside the order of the National Company Law Appellate Tribunal (NCLAT).
Prime Minister launches faceless tax assessments, appeals and taxpayers charter
Hon’ble Prime Minister (PM) Mr Narendra Modi launched a ‘Transparent Taxation’ platform on 13 August 2020 comprising faceless assessments, faceless appeals and a taxpayer’s charter (Charter) enumerating responsibilities of the income-tax department towards taxpayers and also listing down duties of the taxpayers towards the income-tax department.
Supreme Court rules that project office undertaking only liaising activities does not constitute a taxable presence in India
The Supreme Court of India (SC) in Director of Income Tax-II (International Taxation) v M/S Samsung Heavy Industries Co. Ltd. (Civil Appeal No. 12183 of 2016) has held that the Project Office (PO) set up by Samsung Heavy Industries Co. Ltd. (Taxpayer) in India did not constitute its permanent establishment (PE) in India.
Ashish Mehta
Ashish Mehta is Partner in the Direct Tax Practice of the firm. A qualified lawyer and chartered accountant, he brings a distinctive combination of legal and analytical expertise to complex tax matters. With nearly two decades of experience in direct taxation, Ashish focuses on high-stakes tax litigation and strategic advisory on matters involving offshore assets, exchange of information, and related investigations and prosecutions.
Aditi Sharma
Aditi Sharma is a Partner in the Direct Tax and Private Client Practice Groups in the Mumbai office.
With a keen interest in tax practice and policy, Aditi has rendered advisory services in the areas of international and domestic tax. She has assisted clients on succession and estate-planning cases, typically involving a detailed analysis of comparative jurisprudence on trust law.