Indian High Court upholds ‘round tripping’ reassessment: expert analysis

Sanjay Sanghvi,

Ujjval Gangwal

May 14 2025

A recent decision underlines that Indian courts are more willing to look beyond just legal compliance and examine whether foreign investment structures have real business substance

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Sanjay Sanghvi

Partner Khaitan & Co

Ujjval Gangwal

Principal associate Khaitan & Co

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