News & Media 12th Feb 2021

Unsettling a settled tax dispute resolution structure

Authors

Gopal Mundhra Partner | Mumbai

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In India, the annual finance budget is not merely a statement of income and expenditure of Central Government, rather it is a bundle of unrestrained aspirations and expectations of over 1.3 billion hearts on one hand and the extent of a political resolve as well as fiscal limitations of the government to meet such aspirations and expectations on the other hand. After gaining people’s confidence as to its ability to tackle one of the biggest challenges posed to the Indian economy by the unrivalled mayhem of novel Covid-19 pandemic and the promising progression towards achieving V shaped recovery, the Government has rolled out the Budget 2021 which, by and large, received a positive response from economists and experts.

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