Putting Deals through a Microscope – Traversing Transactions attempts at dissecting a deal by analyzing various aspects and nuances of an M&A Transaction, traversing through a complex mesh of Commercial, Regulatory, and Tax ("CRT") imperatives!
Putting Deals through a Microscope – Traversing Transactions attempts at dissecting a deal by analyzing various aspects and nuances of an M&A Transaction, traversing through a complex mesh of Commercial, Regulatory, and Tax ("CRT") imperatives!
(First published on The Hindu Business Line: https://www.thehindubusinessline.com/economy/nris-get-it-dept-summons-on-foreign-assets-residency-status/article68565213.ece)
My take on IT notices being issued to NRIs, as quoted in the Hindu Business Line
“While the provisions of Black Money Act are not applicable to NRIs, improper replies could lead to an ex-parte assessment order and additions under various deeming fictions like section 69 which deals with unexplained investments.”
