Latest Tax Litigation News & Updates

New Delhi, Jan 16 (IANS) The Income Tax Department has revived the assessment proceedings against Tiger Global following the favourable Supreme Court judgment on the capital gains tax that has to be paid by the US equity investor on the sale of Flipkart shares to American retail giant Walmart for Rs 14,500 crore.A senior official told IANS that the Income Tax Department has already withheld approximately Rs 967.52 crore as tax deducted at source, under Section 241A, for which the company had cla…