Phoenix starts tax practice with former Amarchand tax head Aseem Chawla Phoenix starts tax practice with former Amarchand tax head Aseem Chawla

Aseem Chawla, who had started his own tax advisory firm after resigning as erstwhile Amarchand Mangaldas Delhi tax head in 2012, has joined Phoenix Legal to head its tax practice, according to a press release.

Chawla had been running his own firm ASC Legal focusing on direct and indirect tax advisory and litigation work, as well as private client and “cross border regulatory and compliance advisory services”, stated the release.

Initially in 2012 he had started under the banner MPC Legal, with two co-founding partners as the “best friend” of chartered accountancy (CA) firm Mohinder Puri & Co.

Chawla joined on 1 March at Phoenix Delhi. We have not yet been able to confirm with what size of team, if any, Chawla will be joining. Update: Chawla has joined with a team of seven fee earners and three support staff (as well as a library and everything else an independent practice entails).

In the release Chawla commented: “For all of us, it is a momentous occasion, it is a privilege to be a part of one of the most dynamic and entrepreneurial driven law practices of the country.

“This would provide a full range of niche legal services to the clientele and further deepens its service capabilities.”

Chawla was not reachable for further comment by phone at the time of publication.

Phoenix co-founding partner Manjula Chawla (no relation) added in the statement: “This development significantly broadens and deepens our tax practice. Consistent with our philosophy of providing top quality services to our clients, this step is also relevant in the context of the continued efforts of the Government of India to ease the doing of business in India and in particular, the shift to fiscal neutrality through the imminent GST regime.”

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Like +3 Object -0 Connection 09 Mar 17, 12:21
Are Aseem Chawla and Manjula Chawla related?
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Like +0 Object -1 kianganz 09 Mar 17, 14:18
Nope, I briefly wondered the same thing when writing (have double checked, just in case, and also mentioned in the story).
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Like +5 Object -1 Insider 09 Mar 17, 15:43
I have confirmed information that he is not taking everyone to ASC. Some people are having to leave the firm to fend on their own. This is shirking responsibility towards his team members. Indeed looks really sad. If he could not have struck a deal to take everyone along, he should not have moved at all. In all, a sad time for his colleagues.
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Like +6 Object -2 Insider 09 Mar 17, 17:54
I do sympathize with you. Indeed for the colleagues not being taken is a tough time, but I do have confirmed inside news that the decision was arrived after several deliberations and negotiations and that the young brilliant minds have been well taken care off with limited means.

Wish you all good luck in your future endeavours.
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Like +3 Object -2 News!!! 10 Mar 17, 13:33
But whats new in this? Isn't this his style
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Like +1 Object -0 Outsider 13 Mar 17, 19:52
I know who you are .....Mr Top tier
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Like +5 Object -0 Tooth 11 Mar 17, 09:57  interesting
What an idea Sirji. Glad phoenix egg has long hatched and has no risk of a tooth crack.
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Like +2 Object -0 Sir 15 Mar 17, 10:09
Wishing the best to his juniors at Phoenix
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Like +2 Object -0 darklord 16 Mar 17, 14:14
Who is the practice head of GST practice in Phoenix Legal as Aseem is known for its Direct Tax practice ?
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Like +1 Object -0 Guest 30 Mar 17, 17:36
Phoenix doesn't really have a tax practice to begin with, let alone any specific practice area...The ex-Trilegal equity partners take up pretty much all kinds of work under the sun,as they have done in the past. Most senior lawyers have left for pursuing their trade with other firms (read Kochhar, Bechtel, Luthra, Trilegal,JSA, CAM) in-house or leapt into entrepreneurial ventures due to unmanageable expectations of the partners, and poor increments. [...] Too much attrition, degradation in the quality of recent hires, more-than-due credit being given to a certain [...], has really rung a death knell to what otherwise stood out as a shining beacon when they started out. There has hardly been any transactional work coming out from the Delhi office in the last 2 years. One often wonders if the proverbial egg will ever hatch!
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