Bloomberg Quint features Ravi S. Raghavan’s thoughts on the application of private international law to permit tax benefits

Jun 30, 2020

The Bombay High Court applied the principles of private international law to permit tax benefits under the Income Tax Act, setting a precedent for tax disputes arising from reorganization of a business under foreign laws.

Ravi S. Raghavan, Tax Counsel at Majmudar & Partners, shares his views with Bloomberg Quint – “This ruling is relevant to a legal fiction that is peculiar to conversions governed under the Delaware law”.

Read the article here.

More News

Primer on doing business in India

India is one of the fastest-growing economies in the world and the business and regulatory environment is rapidly evolving and improving. Various policy changes and initiatives have transformed India from a closed economy to a liberal one. The days of the 'licence...

read more