Taxation laws have always been complex and a subject matter of interpretation/ litigation. This leads to the Companies receiving Notices requiring them to explain the rationale for following a particular interpretation/ claiming tax benefits, etc. This generally culminates into a long draw litigation matter. Further it is always advisable to obtain upfront clarification from tax offices on specified issue if there is a mechanism in place.
We at QED Corporate Advisors, can assist Companies in better handling and early closure of such matters.