Practice area
Direct Taxation
Assessments, reassessments, transfer pricing disputes, penalties and tax prosecution.
Direct taxation is one of the firm’s core competencies. The firm regularly advises on issues relating to tax evasion; assessments and reassessments, including under Section 147; eligibility for exemptions, deductions and incentives; disagreements on arm's length pricing for transactions between related entities; and tax penalties, fines and criminal prosecution.
What we handle
- Assessment and reassessment proceedings, including challenges to the jurisdiction and procedure for reopening
- Deductions at source and related demands and defaults
- Transfer pricing disputes, including arm’s-length pricing of transactions between related entities
- Eligibility for exemptions, deductions and incentives
- Penalty proceedings, and defence in tax prosecutions
- Appeals before the Commissioner (Appeals) and the Income Tax Appellate Tribunal, and references and appeals before the High Courts and the Supreme Court
Where we appear
Income Tax authorities; Commissioner (Appeals); Income Tax Appellate Tribunal; High Courts; the Supreme Court of India.
Our approach
Direct taxation is one of the firm’s core competencies, and one of our partners is retained on the panel of the Income Tax Department for direct tax matters. We handle the dispute from the first notice through to the Supreme Court, and advise on the tax position of a transaction before it is concluded, when it is cheapest to get right.