Tag Archives: Amit Agarwal

Brewing of Controversy – Revision of Tax Returns under Amalgamation / Demerger – Amit Agarwal

There has been a sharp sell-off in the equity market since the Budget presentation, with the Nifty declining 7 per cent. It is believed that foreign portfolio outflows from the equity market — triggered by the Budget announcement of a hike in the surcharge on income-tax — is behind the sell-off.

Amit Agarwal, Partner with inputs from Manasvi Gupta and Mansi Jain contributed an article on Brewing of Controversy – Revision of Tax Returns under Amalgamation / Demerger for Taxsutra.

Brewing of Controversy - Revision of Tax Returns under Amalgamation / Demerger - Amit Agarwal

Citing Supreme Court’s Vodafone order, Bombay HC rejects transfer pricing adjustment – Amit Agarwal

Relying on the Supreme Court’s verdict in the Vodafone case related to transfer pricing adjustment (TPA), the Bombay High Court upheld the Income Tax Appellate Tribunal (ITAT) ruling that had struck down the adjustments made by the taxman on an Indian company for buying shares in a fully-owned Dubai-based subsidiary on its capital account.

Amit Agarwal, Partner shares his views on aforementioned story for Financial Express- Standalone story.
Citing Supreme Court’s Vodafone order, Bombay HC rejects transfer pricing adjustment - Amit Agarwal