Amarchand finds Aseem Chawla replacement from KPMG | Sex trafficking laws and facts | Kochhar gets Burj Khalifa ‘status symbol’ | CWG Kalmadi banned from L’ympics | SCBA voting to be limited

Wednesday, 25 July 2012 By Legally India Legally Wired

Ex-KPMG, PwC partner Krishnan Malhotra has joined Amarchand Mangaldas Delhi as its new tax head, after partner Aseem Chawla quit to set up his own firm [Taxsutra]

Amarchand said in a press release that Malhotra, a qualified lawyer and chartered accountant, was a senior partner at RSM & Co, then PricewaterhouseCoopers (PwC) and most recently at KPMG, and specialises in direct tax, cross border taxation and alternate dispute resolution.

Legal analysis: Defining sex trafficking victims as victims, by International Justice Mission (IJM) legal head Michelle Mendonca [Manupatra article / earlier LI interview with Mendonca]

SC Bar Association clarifies rules on voting in SCBA, limiting only to those who practise regularly in the apex court. A “three-member implementation committee would identify the regulars and inform each member of the association about the status of their membership as it stood on or before February 28 this year”, which can be challenged within 15 days [Telegraph India]

CWG Kalmadi banned from leaving India to go to London Olympics by Delhi HC [Firstpost]

Rohit Kochhar (alongside Shilpa Shetty & Ors) is one of 100 Indians owning apartments in Dubai’s “status symbol” world-tallest-building Burj Khalifa. Comes with “exclusive owners lounge on 123rd floor” [ET]

Amitabh Bachchan saved from IT department’s second bite at cherry after Bombay HC dismissed 2002-03 tax assessment [Business Standard]

Comments

green lantern 25 Jul 2012, 15:33

+0 -0

good luck to amarchand and to aseem. krishnan probably needs the most luck as it cannot be easy to inherit that practice in the form it is in. also, to be fair, from macro-perspective, it is hard for law firm tax practices to compete with big 4 tax practices.

Wondering aloud 26 Jul 2012, 05:26

+1 -0

"... specialises in direct tax, cross border taxation and alternate dispute resolution"

How could he have gained disputes experience while at KPMG even if he holds a law degree? CAs are not allowed to advise on disputes when they are practising as CAs, and accountancy firms cannot advise clients on contentious matters (or any other legal aspect for that matter - unless such work is expressly allowed by law e.g. some company law and tax law work).

This just shows how accountancy firms are blatantly flouting the law and offering legal advise, when foreign firms are treading cautiously. Some accountants seem to have no regard for law and rules as the Enron (and some other) scams show.

SOMEONE SHOULD FILE A PIL.

Dont wonder too much... 26 Jul 2012, 06:16

[quote name="Wondering aloud"]"... specialises in direct tax, cross border taxation and alternate dispute resolution"

How could he have gained disputes experience while at KPMG even if he holds a law degree? CAs are not allowed to advise on disputes when they are practising as CAs, and accountancy firms cannot advise clients on contentious matters (or any other legal aspect for that matter - unless such work is expressly allowed by law e.g. some company law and tax law work).

This just shows how accountancy firms are blatantly flouting the law and offering legal advise, when foreign firms are treading cautiously. Some accountants seem to have no regard for law and rules as the Enron (and some other) scams show.

SOMEONE SHOULD FILE A PIL.[/quote]

CAs are do allowed to represent clients before tax tribunals.

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