News & Media 29th Apr 2024

Start-ups face more tax heat, to move court

Authors

Mitesh Jain Partner | Mumbai

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Our Partner Mitesh Jain speaks to Priyansh Verma from Financial Express (India) in its latest article “Start-ups face more tax heat, to move court“.

According to industry sources and tax experts, many start-ups have already moved court, and more are planning to, challenging the tax demands, and way the taxman seeks to “alter” or differ with the valuation methods followed by the firms. The start-ups are also armed with several tribunal and court rulings of the past where it was held that the taxman has no right to change the valuation arrived at by the taxpayer or by the third part valuer on his behalf, so far as these follow the options notified.

To read his insights, read the article here