I-T dept to proceed with Tiger Global's capital gains tax assessment in 2018 Flipkart-Walmart deal

Following the Supreme Court's ruling, India’s tax department will resume assessing capital gains from Tiger Global’s 2018 Flipkart exit. The court held that the Mauritius structure was an impermissible tax avoidance arrangement despite treaty claims. Authorities will now finalise assessments and decide on the withheld tax and refund claims.