Press Release (ePRNews.com) - NEW DELHI, India - Feb 02, 2016 - Hon’ble Justice Mr. A K Sikri, Judge, Supreme Court of India, who was the Chief Guest of the function, released the book in presence of eminent dignitaries like Mr. V Lakshmikumaran, Advocate, Supreme Court of India; Mr. N Venkatraman, Senior Advocate, Supreme Court of India; Mr. S M Nigam, Former Member, CBDT; Prof. Girish Ahuja; Ms. Neetu Gupta, Head Tax, Aviva Life Insurance; Mr. Shailendra Kumar, Founder Editor, TaxIndiaOnline; and many other distinguished legal and tax luminaries and eminent jurists from the Supreme Court of India and Delhi High Court and Corporate Counsels of leading organizations.
During the occasion, Justice Mr. A K Sikri said, “Challenge for the judge is to understand whether it is the assesse who is trying to evade the tax or the tax authority that is hounding the assesse. It is difficult to decide who is right or wrong”. Justice Sikri complimented the author for this commendable work and congratulated LexisNexis for publishing such scholarly work. He mentioned that the outlook of the book was very impressive and gave an international feel. He continued saying, “This work can compete with any standard written book by a foreign author who is internationally recognized”.
While welcoming the guests and other dignitaries, Shreesh Chandra, Director of Content Creation & Acquisition for Legal, Tax and Academic verticals at LexisNexis India, explained how the book came into existence and highlighted the value that LexisNexis brings as a leading and quality publisher in the legal and tax space. Mr. Chandra said, “This book is based on Indian transfer pricing audit experiences for the period ranging from 2003-04 till date, right from TPO to appellate authorities, thereby proving guidance to the tax authorities, taxpayers and tax professionals on technical issues and compliance. An insight into the tax audit process and risk based assessment has been dealt with in detail. BEPS has been elaborately discussed based on the final report.”
During the book launch, Mr. V Lakshmikumaran said, “It is a book from which a learner can learn, practitioner can use and a judge can cite.” On the occasion, Mr. N Venkatraman said, “The title not only covers the audit practices in transfer pricing but also every aspect of transfer pricing itself.” He also praised the author for including brief and to the point sub-topics that will retain the reader’s interest in the book.
Congratulating the author on his achievement, Mr. S M Nigam said, “This is an authentic book on the subject which gives a rational and reasonable view.”
Feeling emotional on the occasion of launch of his book, Dr. Vasan mentioned, “The second edition of Transfer Pricing Audit Practices in India attempts to disentangle the complex web of transfer pricing controversies. The book also highlights the gap in the positions and approach of the tax authorities and taxpayers, and is a good starting point to explore some form of alignment of these positions to ease the pain of taxpayers and potential investors.”
Mr. Vikesh Dhyani, Director Marketing & CDI, LexisNexis India/South Asia, said, “The author has drawn from his practical experience of dealing with transfer pricing auditors to provide a taxpayer’s perspective on how to mitigate transfer pricing risk and reduce transfer pricing controversy. As a leading tax books’ publisher in India, it’s our endeavor to cover the entire gamut of both high demand and evolving/niche areas in tax. Transfer Pricing is a key area of focus for us and we are delighted to have published Dr. Vasan’s works who brings over 25 years of expertise and possesses a Ph.D. in Transfer Pricing.”
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