Tax Dispute Resolution-Challenges and opportunities for India

This book provides a holistic view of how tax policies have shaped in India, the importance of dealing with tax disputes and suggestions to improve, to tax payers, tax practitioners, tax administrators and tax administrative and judicial forums. It's meant to serve as a guide to tax policy makers to choose the practices adopted by nations and consider adopting them as India's changing landscape will necessitate implementation of 'out of box' ideas to address the situation and make our tax system modern and responsive to change. Global tax systems of the world will converge over a period of time and the convergence would be far more rapid, given that India is now active in shaping G20 tax policies as part of the OECD lead Base Erosion and Profit Shifting (BEPS) project. This will necessitate India not just to embrace polices on transparency and information exchange and protection of its tax base, but equally contribute in timely resolution of treaty-related disputes and gear up its policies to first avoid disputes and if disputes are inevitable, to seek timely resolution. Testimonials The Treatise is a formidably researched piece of work that few (if any) but Mr. Butani would be able to bring off so effectively. It describes the complex Indian system well, and addresses its structure and developments (or otherwise) in the context of wider international trends. Michael Lennard, Chief, International Tax Cooperation Section U.N. Dept. of Economic and Social Affairs It is plain truth that in India it is easier to change tax laws than the approaches of tax administration. Possibly it depends on intellectual persuasion which the likes of experts like Mukesh can do. Good luck to these efforts. N Rangachary, Former Chairman, Central Board of Direct Taxes & Insurance Regulatory Authority of India Tax planning and compliance for investments in India requires patience and wisdom. Bring your own patience; this treatise provides terrific wisdom that will benefit anyone who seeks to invest in India. Peter Barnes, Professor, Duke Law University Former Head of International Tax, General Electric A timely volume that continues to push for the right kind of tax administration and reform. It cogently brings to attention the improvements as well as continuing constraints for the ease of doing business. It narrows down on the crucial area of dispute prevention and alternative dispute resolution. Dr Parthasarathi Shome, Chairman, International Tax Research & Analysis Foundation Former Chairman, Tax Administrative Reforms Commission Advisor to the Finance Minister Perfect in every regard; right topic at the right point in time, deeply technical and full of good-to-know details - and the best, it's even entertaining to read. But, well, that's no surprise when you see who the author is and who contributed. Dr Christian Kaeser, Global Tax Head, Siemens Chair of ICC Tax Commission Mukesh Butani's hands-on experience and extensive research for effective and expeditious dispute resolution in tax matters makes this book of tremendous significance for all those interested in global growth by promoting business in India. Dr Lalit Bhasin, President, Society of Indian Law Firms