With an ever-increasing tax litigation backlog, India last year introduced its new dispute resolution panels to reduce the workload. But with the first round of orders being issued imminently, Rajesh Kapadia of GM Kapadia & Co questions the effectiveness of this new option.
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A recent UK First-tier Tribunal decision highlights the broad application of an anti-avoidance rule to deny tax relief, say Robert Waterson and Matthew Cummings of Eversheds Sutherland
The ruling underscores that tax authorities must provide ‘detailed, well-supported, and logically sound justifications’ when determining reference prices in tax assessments, one expert told ITR