TAXATION
MVKini is pre-eminent in taxation law, specialising in both direct and indirect taxation. The firm has indepth experience advising on tax efficient structures, supporting clients in their tax compliance issues as well as defending clients’ interests before various tax authorities, tribunals and courts including all State High Courts and the Supreme Court of India. The team maintains complete transparency and upmost of integrity in upholding the firm’s high ethical standards.
The tax teams across Mumbai, Bangalore, Delhi & Pune include experienced lawyers and chartered accountants well versed with all the tax issues faced by corporates during the normal course of business. All are experienced to advise on the best way to mitigate risks and resolve any issues. We also advise start-up ventures on their cross border direct tax structuring issues as well as domestic tax structuring.
Key practice areas
Tax and International Trade
The firm provides corporate tax due diligence, reviewing the effectiveness of a company’s tax position and advising on appropriate steps where there are gaps. MVKini regularly gives an opinion on a company’s tax position;
The firm is highly experienced in advising on potential tax liability implications. It regularly advises on the terms and structure of supply and services contracts. The team prepares customs and excise refund claims and support in any connected litigation;
MVKini has substantial experience when working with clients who are negotiating within a Free Trade Agreement (FTA). The firm is adept at evaluating multiple FTAs, judging suitability for a client’s Indian operations. This includes analysing the rules of origin, among other often-onerous conditions and certifications, imposed on imports/exports under various FTAs. The firm also advises on effective customs duty rates for goods imported under various FTAs.
Litigation Support
MVKini’s litigation team gives swift assistance in drafting replies to various show cause notices, appeals and writ petitions before the concerned assessing officers, authorities, commissioners, and the various judicial authorities and courts. The firm assisted its client(s) with regard to anti-dumping and safeguard duties.
Senior members of the tax team appear in various High Courts and Tax Tribunals across India and successfully handled complex tax litigation.
Representation Services
The tax team skilfully represents its clients before various authorities and commissioners on multi-dimensional issues that impact the client’s business. Highly experienced personnel represent clients before the Board of Approval, or Unit Approval Committee for Special Economic Zones, Export Oriented Units and STPI Units.
The firm also takes part in various debates regarding which goods and services should be included under a proposed, or subsisting, FTA.
Transfer Pricing (TP)
MVKini offers its legal opinion on specific issues related to transactions with associated enterprises (AE). The team adeptly highlights the possible risks associated with that contract, taking its entire structure into account. The team prepares incisive support documentation for TP assessments and the review of contracts executed, or likely to be executed, with AEs to highlight any potential TP risk.
Litigation Support
The firm’s litigation team gives clients a turnkey service to obtain advance rulings. It advises clients and supports them during disputes at AO level for TP Assessments and at ITAT level and various High Courts in India.
Key transactions
Highlights of MVKini’s taxation experience includes:
The team has numerous reported judgments to its credit, including the rulings of various tribunal benches across India. It has successfully secured refunds and rebates for large Indian companies and MNCs.
Some of the companies that the tax team has worked with include leading public and private sectors in various sectors including
Automotive: Audi AG, Volkswagen AG, Skoda Auto & Mahindra & Mahindra
Aviation: Air India, IATA, Qatar Airways
Banking & Finance: Most of the large PSU Banks
Chemicals: 3M India, Dow Chemicals, Lanxess Chemicals, Rohm & Haas
Consumer Goods: General Mills, Diageo India, Panasonic, Anchor and Durian.
Education : Tata Interactive
Healthcare: Biersdorf AG, BSN Medical
IT & ITES : Lenovo Systems, HCL Technology, Geometric
Retail : Heritage Retail, Hypercity
EPC: Technimont ICB, ETA Engg, Voltas, Petron Engg, Swastik Lloyds
Media : Shree Ashtavinayak Cinevision
Real Estate: Prithvi Builders, Maxus Malls
Key People
Vidisha Krishnan
