4 months ago
2
A caller Supreme Court ruling has enactment the process of however India taxes overseas investors successful focus. The apical tribunal ruled successful favour of the Income Tax Department by mounting speech the Delhi High Court’s judgement quashing the taxation request of Tiger Global.
Tiger Global and Indian taxation authorities person been locked successful a ineligible tussle implicit its 2018 involvement merchantability successful Flipkart to Walmart worthy ₹14,440 crore $1.6 billion. The woody was portion of the U.S. retail company’s $16 cardinal acquisition of Flipkart that year.
Indian taxation authorities argued Tiger Global wrongly utilized the India-Mauritius taxation avoidance pact to not wage immoderate taxation connected its profits, the concern steadfast argued it tin bash truthful arsenic the pact exempted specified a transaction. The taxation authorities accidental the Tiger Global Mauritius units served simply arsenic a conduit for Tiger Global U.S., a statement the concern firm says is incorrect.
The Supreme Court has been proceeding the lawsuit since January 2025 and the ruling has raised wider questions astir taxation treaties, anti-avoidance rules, and however India balances taxation fairness with capitalist confidence.
Guest: Vinod Joseph, Partner, Investment Funds signifier astatine Economic Laws Practice
Host: Nivedita V
Edited by Jude Weston
For much episodes of In Focus:
