Tax litigation in India is assuming significant proportions. While the dust on the Vodafone tax controversy has not yet settled, a number of cases concerning transfer-pricing-related litigation have taken centrestage with significant amounts at stake—Managing Tax Disputes in India could not have been released at a more opportune time. The book comprehensively covers matters germane to some of the nagging and new controversies in India, both under direct and indirect taxes.
The growth of tax litigation in India has made it an area of work that is seeing a whole lot of attention by taxpayers. To add to this is the complex nature of the legislation in India, amount of reference material one needs to be erudite with, long litigation cycle and significant amendments to the legislation in quick succession. Some Indian tax cases have also created significant convulsions at the international level and a renewed focus has emerged on the subject with the Organisation for Economic Cooperation and Development (OECD) nations, too, taking stern steps to address some of these concerns. All these dimensions make this book a must reference guide for businesses, in-house counsels, professionals and students.
The book is structured into four broad divisions—tax law and legal system in India, key tax issues in international transactions, transfer pricing litigation and controversy, and key tax issues in indirect tax laws. Under these divisions, the book covers most of the controversial and other matters in the tax space in India. Strategy in dealing with tax cases is an important dimension that envelopes the book. It presents alternative dispute resolution mechanisms available to taxpayers, prompting the reader to reflect on the real efficacy of such forums.
Managing Tax Disputes in India establishes a niche segment for itself. It is a good fit between being a detailed commentary on the subject and a bare presentation of the law or case rulings. It merges the interpretation of the law and practical insights with illustrative examples to provide clarity on controversial topics.
Ajay Vohra is an advocate with Vaish Associates