Economic Laws Practice (ELP) and Nishith Desai Associates (NDA) analysed the legal implications of the Vodafone judgment yesterday – a decision law firms across the board commended for boosting India’s image as an investment destination, upholding the rule of law and settling many questions.

The capital gains tax liability imposed on AT&T in the infamous Idea Callular case were caused by an avoidable drafting error and incorrect structuring, argues Naveen Goel.

Khaitan & Co has won a landmark order from the Authority for Advance Rulings (AAR) for the firm’s client E*trade Mauritius (ETM) to obtain tax exemptions under the India-Mauritius Tax Treaty on capital gains accrued from a sale of shares it held in an IL&FS investment.