Kunal pandey

2 months ago | mondaq.com | Neeraj Jain |Kunal pandey

VA Vaish Associates Advocates More Established in 1971, Vaish Associates, Advocates is one of the best-known full-service law firms in India. Since its inception, it continues to serve a diverse clientele, including domestic and overseas corporations, multinational companies and individuals. Presently, the Firm has its operations in Delhi, Mumbai and Bengaluru.

Jun 6, 2024 | mondaq.com | Kunal pandey |Neeraj Jain

The Supreme Court of India in the case of Assessing Officer vs. M/s Nestle SA and Others, elucidated law relating to applicability of the Most Favoured Nation ("MFN") clause in the protocol(s) for availing benefit of a DTAA entered into by India which are beneficial and restricted in scope. The Supreme Court in its decision laid down that issuing a notification by Indian Government is a mandatory precondition for implementation of the MFN clause in the Tax Treaties.