Govt treads cautiously as Tiger Global tax case set to reopen
New Delhi, Jan. 17 -- Armed with a favourable Supreme Court decision, India's tax authority plans to proceed with caution while reopening assessment against Tiger Global Management LLC's 2018 stake sale in Flipkart Pvt., respecting the company's right to appeal, according to two officials familiar with the matter.
The government will revive proceedings in the tax assessment case against three Mauritius-based entities of Tiger Global, said an official of the Central Board of Direct Taxes (CBDT), one of the people quoted earlier.
But if the assessees file an appeal against the two-member bench's decision, resumed tax proceedings will automatically get stayed till the outcome of the judicial process, said the second government official. Both o...
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