Overview
The Law Chambers of Dr. Shashwat Bajpai has a distinguished direct taxation practice built over three generations, beginning with Late Shri O.S. Bajpai’s tenure. Today, the practice encompasses advisory, litigation, and appellate representation before the Supreme Court, High Courts, ITAT, and the Central Board of Direct Taxes.
Dr. Shashwat Bajpai specialised in Corporate and Business Taxation at the University of Oxford (BCL), and holds a doctoral degree in Transfer Pricing and International Taxation from the National Law University, Delhi. Our taxation team handles a wide spectrum of direct tax matters for corporates, individuals, and institutional clients, including matters arising under the Income-tax Act, 1961 and the evolving direct tax framework under the Income Tax Act, 2025.
Dr. Shashwat Bajpai regularly advises on and handles complex issues relating to transfer pricing, international taxation, tax treaty interpretation, withholding tax obligations, cross-border transactions, business reorganisations and restructurings, permanent establishment dispute, assessment and reassessment proceedings, search and seizure actions, penalties, prosecutions, and appellate litigation.
What We Do – Direct Taxation
- Appellate representation before the Supreme Court, Delhi High Court, all other High Courts across India, and the Income Tax Appellate Tribunal (ITAT)
- Drafting and arguing Special Leave Petitions (SLPs), Writ Petitions, and Income Tax Appeals
- Assessments under Section 143(3) and reassessment proceedings under Section 147
- Search and seizure matters — Sections 153A, 153B, and 153C
- Unexplained cash deposits and credits under Section 68
- Penalty proceedings under Sections 271, 220(1), and 221
- Dis-allowance of expenditure — capital vs. revenue disputes, interest expenditure, and related matters
- Exemption disputes — Sections 10A, 80IA, 80IC, and 80HHC
- Representations in matters relating to exemptions for educational and charitable institutions
- Condonation of delay applications under Section 119(2)(b)
- Waiver of interest applications under Sections 234A, 234B, 234C, and 119 before the Central Board of Direct Taxes, Ministry of Finance, Department of Revenue, North Block, Rashtrapati Bhavan
Client identities, matter-specific details, and representations before Courts have been redacted to preserve confidentiality obligations and protect privileged client information.
What We Do — Transfer Pricing & International Taxation
- Direct, corporate, and international taxation matters for export undertakings — transfer pricing adjustments, exemptions, depreciation claims, new unit set-up and expansion
- Cross-border taxation advisory — Double Tax Avoidance Treaties (DTAAs), withholding tax, capital gains tax, structuring of inbound and outbound investments, and issues arising from the sale of shares and assets
- Advanced Pricing Arrangements (APAs) and Mutual Agreement Procedures (MAPs) — advising and facilitating agreements between the Revenue Department and resident or non-resident assessees
- Structuring advisory for group companies with Indian parents and/or subsidiaries — transfer pricing regulations and DTAA provisions
- Optimum investment model advisory — tax-efficient structuring while addressing regulatory requirements
- Drafting opinions for corporate clients on source-residence taxation and DTAA interpretation
- AMP (Advertisement, Marketing & Promotion) expense disputes, royalty, fee for technical services (FTS), and intangible asset matters
- Litigation before the Supreme Court, Delhi High Court, all High Courts, Dispute Resolution Panels (DRP), Authority for Advance Rulings (AAR/BOARD), and the ITAT