Nalsar, Hyderabad were declared the winners of the prestigious 7th Nani Palkhivala Memorial National Moot Court competition with the University Institute of Legal Studies, Punjab being declared as the runners-up team.
The moot problem is based on tax and is one of the most prestigious moots. This year’s problem mirrored the recent Vodafone tax dispute and was labelled as CIT vs. Loha & Cement. The problem questioned whether Loha, a UK based company providing various services in India, was liable to pay taxes despite having no permanent establishment or fixed place of business in the country.
The winners from Nalsar comprised of speakers Prateek Andhari and Shivankar Sharma along with researcher Tarun Kovvali. The Best Speaker was won by final year NLSIU student Varun Mathew while GLC, Mumbai won the Best Memorial award. The Best Researcher was awarded to the team from NLIU, Bhopal.
The final round was judged by a full Bench of three judges comprising of former Justice B.N. Srikrishna of the Supreme Court of India and Justices P.B. Majmudar and R.M. Savant from the Bombay High Court. The 7th Nani Palkhivala Memorial National Tax Moot Court was held from October 8 to 9th by the Government Law College, Mumbai and was sponsored by the Income Tax Appellate Tribunal Bar Association, Mumbai and the All India Federation of Tax Practitioners.