India’s direct tax landscape continues to be shaped by evolving statutes, judicial pronouncements, and heightened scrutiny by tax authorities, creating an environment where strategic tax management is critical for both businesses and individuals. The increasing alignment of taxation with broader economic, insolvency, and regulatory frameworks has made it imperative for taxpayers to adopt litigation-ready, risk-sensitive, and commercially aligned tax strategies.
At KNM & Partners, our Direct Taxation Practice offers comprehensive legal counsel that spans advisory, compliance, dispute resolution, and restructuring-linked tax management. The Firm advises corporates, financial institutions, insolvency professionals, promoter families, and cross-border investors on structuring tax-efficient business models, managing regulatory exposures, and defending complex tax disputes before all appellate and judicial forums.
The Firm’s practice is uniquely positioned at the intersection of taxation, insolvency & restructuring, dispute resolution, and regulatory advisory, allowing us to offer clients holistic, integrated tax solutions. The Firm assists clients in managing their tax exposure in distress scenarios, including during corporate insolvency resolution processes (CIRP), mergers, and acquisitions of stressed businesses, where tax liabilities, legacy disputes, and tax efficiencies become central to commercial outcomes.
The Firm has a proven track record in representing clients in high-stakes income tax assessments, search and seizure cases, reassessments, transfer pricing disputes, prosecution proceedings, and black money law violations. The Firm is adept at coordinating multi-layered tax disputes with parallel regulatory proceedings, ensuring strategic alignment between tax risk management, litigation defense, and business objectives.
The Firm’s approach combines technical depth with pragmatic, outcome-driven strategies – whether managing tax exposures of ongoing businesses, resolving legacy disputes of insolvent companies, or assisting clients in navigating cross-border tax complexities and compliance obligations. The Firm’s experience spans a diverse range of sectors, including manufacturing, infrastructure, real estate, financial services, digital commerce, and technology.
Related Practice Areas
Competencies
- Representation in assessments, reassessments, search and seizure proceedings, and rectifications before tax officers, appellate authorities, ITAT, High Courts, and the Supreme Court.
- Handling penalty and prosecution proceedings under Sections 270A, 276C, and other penal provisions, including those under the Black Money Act and Benami Transactions Act.
Advisory and litigation support in denial of deductions, classification disputes, and disallowances.
- Assisting Resolution Professionals and bidders in managing tax liabilities during CIRP and post-resolution scenarios, including advisory on tax treatment of haircuts and transaction structuring.
- Advisory on acquisition of stressed assets, ensuring clean exits and tax efficiency.
- Advising on DTAA interpretation, capital gains tax planning, interest and dividend taxation, PE risk management, and transfer pricing litigation.
- Structuring inbound and outbound investments for tax optimization and treaty benefit maximization.
- Advisory on notices under Sections 142(1), 148A, 263, and handling faceless assessments.
- Legal support in tax reporting obligations, including TDS, equalisation levy, foreign asset disclosure, and advance rulings.
- Risk audit of tax positions prior to key business events such as fundraising, M&A, or board transitions.
- Assisting clients in tax litigation strategy coordination with parallel proceedings before SEBI, ED, and IBC forums.
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