- 6399 Views
- 22 Jul 2020
- Amit Kaushik
- Income Tax, Finance, Chartered Accountant, ICAI, Case Laws, Amendments, Rules, Articles,
1. Background In a recent Tiger Global Ruling1, the Authority Advance Ruling (“the AAR”) denied benefit of the India-Mauritius Double Taxation Avoidance Agreement (“India-Mauritius DTAA”) on the capital gains arose on the transfer of shares held by Tiger Global, a Mauritius Company in Flipkart India through Flipkart Singapore. Section 245S of the Income Tax Act, 1......