News & Updates

Page Title

22
Dec
2020
No benefits if tax haven route not justified: Madras HC

Mumbai: In a judgement that could impact several foreign companies investing in India through subsidiaries or investment arms registered in other countries, the Madras High Court has ruled that tax benefits can be withdrawn if the investment is merely done to circumvent domestic tax laws. The order would support the tax department’s claim that any investment coming from outside could be investigated based on its intent. And if the intent was to escape tax, benefits can be denied under tax treati.