News

• Financial Express - 01-02-2022

Our Partner Abhishek Saxena in conversation with The Financial Express (India) shares some thoughts about the expectations from the upcoming budget. He shared that, “Given the prevailing negative real interest rate environment and the low-interest rates being offered on bank deposits and the interest on bank deposit being taxed at the applicable income slab rate with no beneficial income tax rates available like for certain other asset classes, there is an inherent incentive for people to invest in risky assets to earn higher returns.”

• Economic Times - 27-01-2022

Phoenix Legal represented real estate firm TARC Limited in their latest sale of a warehousing asset to logistics development platform ESR. Through this sale, ESR acquired around 8 acres of land in Delhi from TARC. This is TARC’s second warehousing asset sale recently.

• Legal500 - 21-01-2022

We are pleased to share that our Senior Associate Nikhil Suresh Pareek has been recognised by The Legal 500 (Legalease) as ‘Rising Star’ for the practice areas Corporate and M&A.

• Business Insider - 17-01-2022

Our Partner, Jatin Arora in conversation with Business Insider India talks about a new ruling on GST on salaries and how this can create a lot of confusion and unnecessary litigation.

• Business Line - 17-01-2022

Business Line quotes our Associate Partner, Akshay Sachthey, in a story covering Vedanta’s recent comments regarding their bid for BPCL.

• Business Insider - 14-01-2022

With the Union Budget 2022 just around the corner, our partner Abhishek Saxena in conversation with Business Insider India, helps us understand what are the different income tax expectations from the government this year. In this article, he talks about the Income tax Wishlist ranging from taxability of Covid-19 vaccination and treatment, taxability of work from home expenses, realignment of tax rates, to providing tax exemptions.