ARR Finds Tiger Global Guilty Of Tax Avoidance In Flipkart Stake Sale, Rejects Plea For Exemption
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In a setback for Tiger Global, the Authority for Advance Rulings (AAR) has rejected the application of the US-based private equity firm. Tiger Global had sought tax exemption from capital gains from its stake sale in Flipkart during the buyout of the ecommerce major by US retail giant Walmart in 2018. Tiger Global can now reach to high courts against the decision by AAR and IT department