Shreekunj Bahety

Article Assistant, Taxation & Regulatory Services (Direct Taxation)

Desai Haribhakti & Co.

03.2021 - 02.2024

Involved in all the three facets of Direct Taxation – Compliance, Advisory & Litigation.
Handled direct taxation assessment as well as litigation before the Commissioner of Income Tax (Appeals) and attended hearings in the Income Tax Appellate Tribunal by preparing written submissions, key synopsis and note on objections
Identification and implementation of Income Tax claims in Tax Due Diligence Exercises for leading companies.
Worked on direct tax provisions related to Joint Development Agreement.
Executed comprehensive Succession Planning initiative for prominent family-owned corporation, ensuring a seamless transition of leadership roles by settling up for Master Trust Structure.
Analyzed strategic overhaul of a major healthcare unit through examination of options vis-à-vis Conversion/Merger/Slump Sale of a division of a Charitable Hospital (Section 8) in order to unlock value and minimize tax and legal compliance.
Guided stakeholders through the intricacies of the new tax regime u/s 148, facilitating a clear understanding of reassessment procedures
Performed Scenario Analysis to evaluate the viability of opting for a Concessional tax regime
Conduct and finalization of Audit u/s 80-IA of the IT Act, being essential to capitalize on tax benefits associated with profits generated from specified industrial undertakings
Assistance in obtaining Legal Opinions on taxation matters such as 80M, 56(2)(x), claim of Education cess etc