Students of the JSS Law College, Mysuru, secured the first place in the 19th Nani Palkhivala Memorial Tax Moot Competition organised by the School of Law, SASTRA, deemed to be university, near here on March 24.
According to a university release, the JSS Law College team emerged successful in the closely fought finals against the National Law University, Delhi.
The moot proposition dealt with Section 37(1) of the Income Tax Act related to Employee Stock Option and loan waiver to subsidiary entity along with India-Spain Double Taxation Avoidance Agreement issues. The winning team was presented with a trophy and cash prize of ₹50,000 while the runner-up earned a trophy and cash prize of ₹25,000.
