15-Oct-2026 11:24:59
BSE ,NSE, BROKING STOCKS ;GOVT EXPLORES TAX RELIEF FOR FOREIGN INVESTORS AFTER TIGER GLOBAL VERDICT - ZEE BUSINESS š¢š¢
⢠CBDT and Finance Ministry reportedly examining possible relief in tax cases similar to Tiger Global. ⢠Legislative amendment may be required to address the implications of the Supreme Court ruling. ⢠In January 2026, Supreme Court ruled against Tiger Global in the Flipkart stake-sale capital gains tax dispute. ⢠Court held that a Tax Residency Certificate (TRC) alone does not automatically guarantee tax treaty benefits. ⢠Tax-avoidance transactions may face scrutiny under GAAR provisions. ⢠Potential relief could benefit foreign investors investing through Mauritius and other tax-treaty jurisdictions. ⢠No official confirmation yet from the Finance Ministry or CBDT. Impact: Potentially Positive š¢ ā Could improve foreign investor confidence and reduce tax uncertainty, subject to government approval and legal changes.
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