CC wins latest round of India tax dispute
The Bombay High Court has ruled that a foreign law firm may only be taxed in India on work performed in the country, supporting an appeal by Clifford Chance (CC). CC had previously been ordered by India's Commissioner of Income Tax to pay taxes on all of the fees - around $3m (£2.04m) - it earned on work performed on four energy infrastructure projects undertaken in India between 1996 and 1998.The top five London law firm primarily advised non-Indian participants on UK law aspects of the projects and much of the work was handled outside of India. CC challenged the assessment, arguing that only around $871,000 (£592,000) in fees actually billed in India should be taxable.
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