INSIGHTS

Introduction : The authority of income-tax officials to revisit a finalised assessment is among the most debated aspects of Indian direct tax governance. It lies at the crossroads of two conflicting public interests: the government's rightful desire to tax income that has not been assessed, and the taxpayer's equally valid desire for the finality and certainty of resolved cases. This tension is addressed in law through a framework of limitation periods and procedural protecti

Introduction : Employee Stock Option Plans (ESOPs) are becoming an increasingly important part of the remuneration package in the start-up and technology sectors in India, as they provide employees with compensation that depends on the company's value. Unfortunately, ESOPs are also a very illiquid form of asset unless the employees are able to convert their paper gains into cash through a liquidity event. The primary liquidity options for private companies before their initia