BMR Legal
Asia-Pacific Guide 2025
About
Firm Profile
Managing Partner: Mukesh Butani
Partners: Seema Kejriwal Jariwala, Shankey Agrawal and Shruti Lohia
Number of Lawyers: 25
Languages:English
Firm Overview:
BMR Legal Advocates is a boutique law firm specializing in the areas of Corporate International Tax, Transfer Pricing, GST, Customs & Trade, with expertise in tax litigation services, tax controversy management, M&A tax advisory and policy. Besides, the Firm advises and supports clients on Alternate Dispute Resolution (including Advance Pricing Agreements, Mutual Agreement Procedure and Advance Rulings) and acts as an expert witness on the treaty and transfer pricing law.
The Firm demonstrates a deep commitment to knowledge and research by contributing to domestic and international research organisations in the area of treaty law and transfer pricing policy. Some of the firm’s notable associations include seminal research papers and trenchant analysis for IFA Congress, IBFD, Kluwer Tax, Thomson Reuters, BNA Bloomberg, Transfer Pricing Review, WLG, Law Business Research, Cambridge University Press, Lexis-Nexis, NITI Aayog, International Tax Research and Analysis Foundation (ITRAF) etc. The Firm is called upon by Independent Research organisations, including the Ministry of Finance (Department of Revenue), for consultation on tax policy and administration, participation in select committees and deposition before the parliamentary committee on Finance and other specified committees. In addition, the Firm provides select services in the area of tax prosecution trials, bilateral investment treaties, exchange of information, foreign direct investment, exchange controls, insolvency & bankruptcy code, and related laws.
Firm History:
Founded in 2010 and based in New Delhi, the Firm has won the confidence of several Fortune 500 companies and significant Indian business groups. Most professionals are dual-qualified with legal and tax advisory expertise and a deep understanding of specified industries in the areas of taxation.
Ranked Offices
Provided by BMR Legal
- New Delhi13A & 13B, Hansalaya Building 13th Floor, 15, Barakhamba Road , New Delhi, Delhi, India, 110001
- Web: bmrlegal.in
- Tel: +91 11 3066 3000
- Fax: +91 11 3066 3001
Contributions
Latest contributions provided by BMR Legal
BMR Legal rankings
Articles, highlights and press releases
6 items provided by BMR Legal
Intersections of Derivatives and DTAA Considerations: An Analysis of the Mumbai Tribunal’s Decision
The Mumbai Bench of the Income Tax Appellate Tribunal recently pronounced a ruling in the case of 3 Sigma Global Fund Ltd., that the capital gains from the sale/ transfer of derivatives in the hands of Mauritius-based FPI are exempt from income tax under the residuary Article 13(4) of the DTAA.
Delhi Tribunal Addresses an Important Consideration for FPIs
The Delhi Bench of the Income Tax Appellate Tribunal has recently delivered a ruling in the case of Amplus Energy Solutions Pte Ltd concerning Foreign Portfolio Investors (FPIs) earning income from Indian debt instruments upto July 1, 2023.
ESOP Incentive for Founder Promoters: SEBI’s positive measure
In a consultation paper released in March 2025, SEBI proposed amending rules related to employee stock option plans (ESOPs) held by the Founders of the company, even after their classification as Promoters following the company’s listing.
CBDT notifies withholding exemption on specified payments to IFSC Units
In a significant step towards enhancing the competitiveness and operational efficiency of entities set up in India’s International Financial Services Centre (IFSC), the Central Board of Direct Taxes (CBDT) has issued a notification exempting the withholding requirements on specified payments.
Gujarat High Court negates Treaty Override
In a recent ruling, the Gujarat High Court has negated treaty override by an amendment to domestic law.
ITAT Mumbai Decides on the Dividend Distribution Tax Conundrum
A recent ruling by the Mumbai Tribunal in the case of Polycab India Limited, which has in a manner of speaking, reignited the debate on not viewing Dividend Distribution Tax (DDT) de hors the recipient. The controversy was on dividends paid by Poylcab to the International Finance Corporation (IFC).
Intersections of Derivatives and DTAA Considerations: An Analysis of the Mumbai Tribunal’s Decision
The Mumbai Bench of the Income Tax Appellate Tribunal recently pronounced a ruling in the case of 3 Sigma Global Fund Ltd., that the capital gains from the sale/ transfer of derivatives in the hands of Mauritius-based FPI are exempt from income tax under the residuary Article 13(4) of the DTAA.
Delhi Tribunal Addresses an Important Consideration for FPIs
The Delhi Bench of the Income Tax Appellate Tribunal has recently delivered a ruling in the case of Amplus Energy Solutions Pte Ltd concerning Foreign Portfolio Investors (FPIs) earning income from Indian debt instruments upto July 1, 2023.
ESOP Incentive for Founder Promoters: SEBI’s positive measure
In a consultation paper released in March 2025, SEBI proposed amending rules related to employee stock option plans (ESOPs) held by the Founders of the company, even after their classification as Promoters following the company’s listing.
CBDT notifies withholding exemption on specified payments to IFSC Units
In a significant step towards enhancing the competitiveness and operational efficiency of entities set up in India’s International Financial Services Centre (IFSC), the Central Board of Direct Taxes (CBDT) has issued a notification exempting the withholding requirements on specified payments.
Gujarat High Court negates Treaty Override
In a recent ruling, the Gujarat High Court has negated treaty override by an amendment to domestic law.
ITAT Mumbai Decides on the Dividend Distribution Tax Conundrum
A recent ruling by the Mumbai Tribunal in the case of Polycab India Limited, which has in a manner of speaking, reignited the debate on not viewing Dividend Distribution Tax (DDT) de hors the recipient. The controversy was on dividends paid by Poylcab to the International Finance Corporation (IFC).