The Israeli District Court recently ruled (in favour of the taxpayer) in the case of Medingo Ltd. (‘the Company’/ ‘the Taxpayer’) involving change in Company’s business model and whether the same constitutes “corporate reorganisation”. * Sanjay Kapadia, Member of the ICAI, and a Law Graduate from the Mumbai University is the founding Partner of S K M S & Co. LLP, Chartered Accountants. The Firm advises clients across sectors on Tax & Regulatory matters. In the past, he has been associated as a Senior Advisor KNAV & Co., partner with B S R & Associates LLP, Ernst & Young, RSM & Co and an Executive Director with PwC. He started his career as an Article with and later on as a Partner with Bansi S. Mehta & Co (1988-1997). Sanjay’s 30+ years of experience involves advising MNCs & Indian Corporates on tax and.......