News & Media 29th Apr 2024
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
As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.