SC stays Delhi HC ruling favouring Tiger Global in Flipkart stake sale

Quick Summary:

The shares in question were acquired by Tiger Global between October 2011 and April 2015, qualifying them for the grandfathering clause.

However, the Delhi High Court overturned the AAR's ruling, citing the DTAA's grandfathering provisions and the validity of Tiger Global's Tax Residency Certificate (TRC).

The High Court's decision in August 2024 had affirmed Tiger Global's eligibility for capital gains tax exemptions under the India-Mauritius Double Taxation Avoidance Agreement (DTAA).

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Article Details

Category: BusinessFinance

Markets: IndiaMauritiusSingapore

Topics: Flipkart Walmart deal Flipkart Tiger Global Capital gains tax Supreme Court of India AAR ruling Delhi High Court Tiger Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 20:46:34 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 722 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25405209

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