Pending Litigation: Judgements Awaited; That Will Impact Business Highly

In the recent past, there have been significant tax controversies in India which have been closely monitored around the globe by Multi-National Enterprises (MNEs), tax administrators, policy-makers and international tax organisations.

The dynamic nature of the present day business world along with aggressive tax planning measures and a protective approach to revenue often make it difficult for the law to expressly address all potential questions that may arise from its application in the future. This is where tax litigation plays a crucial role in the interpretation of law in different situations and provides the necessary aid for policy makers to amend the law wherever necessary. To this effect, tax litigation is an important pillar of tax certainty.