India Withdraws Retrospective Tax – Better Late, Than Never

The article authored by Shinoj Koshy, Partner; and Purvi Khanna, Associate, L&L Partners, critically analyses the tax regime that introduced by the Finance Act, 2012 (“2012 amendment”) and how this amendment will help in restoring tax certainty and credibility of the Indian legal system among international investors and help in attracting greater foreign investment, as the country recovers from the ravages of the Covid19.