Priyanka Babbar

• 500+ comprehensive analysis of routine and non-routine financial transactions benchmarking based on OECD guidelines and India regulations, including External Commercial Borrowings, Non Convertible Bonds, Compulsorily Convertible Debentures, Preference Shares, Cash Pool, Corporate guarantees and Performance Guarantee.
• Collaborated with teams across India in assisting their clients to transition from IBORs to Alternate Reference Rates (SOFR/SONIA etc).
• Strategizing automation tool customized to Indian and OECD searches, for conducting benchmarking for go-to-market and internal use.
• Performed economic analysis and benchmarking studies to determine appropriate arms-length prices for various intercompany transactions, including tangible goods and services.
• Delivering Transfer Pricing documentation files, ensuring compliance with local country regulations, and OECD guidelines.
• Conducting trainings within the organization.
• Pitched to EY Thailand to outsource work to EY India, given our expertise.
• Proficient in financial databases, i.e. LSEG Eikon, Loan Connector, and RiskCalc.
• Prepared global documentation for an Indian-headquartered company having subsidiaries in the US, Singapore, Belgium, and Canada.
• Flip reports for foreign entities reporting taxable transactions in India
• Preparing dispute resolution panel submissions and responses to show cause notice on various issues in realm of transfer pricing– corporate guarantee, intra group services (like royalty), challenging comparability of comparables added/rejected by tax officers etc.
• Managed a team of 10+ employees by providing guidance, setting goals and objectives, delegating tasks, and monitoring performance.
• Identified areas of improvement within existing operations through process analysis and benchmarking studies.
• Directed cross-functional teams in developing innovative solutions to complex problems.
• Participated in meetings with clients and internal stakeholders to discuss transfer pricing matters.

• Filing and preparing appeals before Income Tax Appellate Tribunal ('ITAT').
• Filing and preparing appeals before Commissioner of Income Tax ('CIT').
• Compilation of paper book(s) to be filed before the CIT(A) and ITAT.
• Directly assisting the founder partner during the appellate hearings with paperwork and file management.
• Research Work: Perusing commentaries from CTR Encyclopedia, Chaturvedi & Pithisaria, and Kanga Palkhivala, CTR – Encyclopedia and taxmann.com.

Search and Seizure Matters:

• Bank analysis, seized material analysis, and drafting of statement of affairs.
• Preparations of income tax returns under section 153A and section s. 153C.
• Drafting submissions and compilation of documents to be filed before the Assessing Officer, and drafting replies in response to the show-cause notices.