SC Stays HC Order Exempting Tiger Global

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SUMMARY

A SC bench, led by Justice JB Pardiwala, issued a notice to Tiger Global on a petition filed by Authority for AAR (Income Tax) against the HC order

In August 2024, Delhi HC overturned an order of the AAR that denied Tiger Global’s request for tax exemption in 2018 stake sale in Flipkart to Walmart under the DTAA

Tiger Global and its related entities had picked up 2.36 Cr shares of Flipkart Singapore between October 2011 and April 2015

In a major blow for Tiger Global, the Supreme Court on Friday (January 24)…



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SC Stays HC Order Exempting Tiger Global


SUMMARY

A SC bench, led by Justice JB Pardiwala, issued a notice to Tiger Global on a petition filed by Authority for AAR (Income Tax) against the HC order

In August 2024, Delhi HC overturned an order of the AAR that denied Tiger Global’s request for tax exemption in 2018 stake sale in Flipkart to Walmart under the DTAA

Tiger Global and its related entities had picked up 2.36 Cr shares of Flipkart Singapore between October 2011 and April 2015

In a major blow for Tiger Global, the Supreme Court on Friday (January 24)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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