Globals

I-T dept to revive Tiger Global’s 2019 assessment, investors worried

contact@dailyupdatesindia.com3 months ago02 mins

NEW DELHI: Armed with the SC order, the income tax department will revive Tiger Global’s assessment for 2018-19 and deal with its refund claim of Rs 968 crore, even as investors review their transactions with some in the pipeline expected to be delayed.On Thursday, SC had upheld the I-T department’s claim related to Tiger Global’s…

Tiger Global’s Flipkart stake sale taxable: SC

contact@dailyupdatesindia.com3 months ago03 mins

NEW DELHI: In a setback to private equity player Tiger Global, the Supreme Court Thursday ruled that its $1.6-billion stake sale in Flipkart to Walmart is subject to taxes in India, setting a precedent for investors that use tax treaties.Setting aside a Delhi high court order, a bench of Justices J B Pardiwala and R…

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I-T dept to revive Tiger Global’s 2019 assessment, investors worried

Tiger Global’s Flipkart stake sale taxable: SC