Nokia India has got itself into a terrible mess over alleged failure to deduct TDS on royalty payments to its parent company. What would have ended with a mere 10% tax rate has now become a horrendous tax liability. It is now desperate to sell its assets but the Income-tax department has a strangle-hold over it and is calling all the shots. It will take all of Harish Salve’s wizardry to pull Nokia out from the deep hole it is in. Can he do it?
The war for supremacy in the Vodafone transfer pricing controversy has thrown fascinating insights into the brilliant strategies adopted by two of the finest legal minds in the Country, Harish Salve and Mohan Parasaran. Mohan Parasaran has drawn first blood but Harish Salve has his foot firmly in the door. Will Mohan be able to dislodge him? At stake is Rs. 1400 crore
The best way to learn law is to see the great masters at work. The way they study the facts, analyze the law and make their presentation to the Court can teach you more than you can ever hope to learn in a classroom. And the fees they charge can inspire you to do your best in the profession. Surprisingly, these great wizards of the law don’t have a magic wand. Instead, their secret recipe for success is sheer hard work and concentration
Harish Salve is known mainly for his spectacular success in the Vodafone matter but there are several aspects to his personality – professional and personal – such as his sense of modesty coupled with his refreshing views on personal fitness & personal wealth – which make him a role model for all of us, says the author and adds that Harish Salve’s name deserves to be taken in the same hushed tone in which we take the names of the Legends