With growing complexities in business, fiscal and economic laws are evolving and in most cases still grappling to catch up with the fast paced changes in business models. As a consequence, laws keep changing and in many cases completely re-written to accommodate the changes in economic landscape. The result of such dynamic evolution of fiscal laws and regulations is ambiguous interpretations and mounting litigation. India has been one of the largest economies in terms of taxation litigation and in many instances the global leader in path-breaking interpretations of law. Hence litigation is a near certainty in most businesses with growing revenues and profitability.
At DVS, our team of taxation and legal experts ensure that we assist in minimizing litigation through sound legal advice and in the event of a litigation, we handle the litigation through in-house and external counsels till the Apex Court of Justice. It is noteworthy to mention that most of our positions of law have been accepted at the initial assessment stage and our opinion to litigation ratio is significantly lower than the industry average.