India Tax Webcast series
At EY, we regularly conduct the audio and video webcasts on most topical issues, updating you on the changing tax and regulatory norms, their possible implications on your business and opportunities to be leveraged.
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Vodafone HC order: Impact on applicability of Indian TP provisions on capital transactions
Audio Webcast | Duration: 90 minutes
5 November 2014 at 11:00am - 12:30pm (IST)
The Bombay High Court on 10 October 2014, issued a landmark judgement in case of a Vodafone group entity, wherein the High Court held that the transaction related to issuance of shares by an Indian company to its overseas parent is not subject to arm’s-length price (ALP) test under the Indian transfer pricing (TP) provisions as contained in Chapter X of the Income Tax Act, 1961 ("the Act").
Join us for the live webcast, where Vijay Iyer, Partner & National Leader - Transfer Pricing, will discuss the following:
- Key findings of the High Court related to applicability of TP provisions on capital transactions involving issue of shares;
- Impact on other transactions and TP applicability, where such transactions does not result in 'any income' in the hands of a taxpayer;
- Insights into the present thinking of the Revenue authorities and road ahead;
- Means to manage compliance obligation related to specific disclosure requirements under the Indian TP provisions related to capital account transactions.
Partner & National Leader - Transfer Pricing
Vijay Iyer is a tax partner and National Transfer Pricing leader for the International Tax Services practice in Northern India. Vijay has been rated as one of the World’s Leading Transfer Pricing Advisors for India by the Legal Media Group in their annual global guide as well as by International Tax Review. With an experience spanning to nearly two decades, Vijay has been advising clients on domestic and international tax matters.
Vijay is actively involved in Transfer Pricing Litigation, both as an arguing counsel and as an advisor assisting clients in devising their litigation strategy. He regularly appears before various appellate forums including ITAT matters. He has also been actively involved in drafting the Guidance Note on Transfer Pricing issued by the Institute of Chartered Accountants of India.