A recent ruling from India’s top court holding Tiger Global Management LLC liable to pay taxes arising from attempted tax avoidance expands the reach of India’s anti-avoidance rules to catch more transactions than anticipated.
How the Supreme Court interpreted what types of transactions are protected under the General Anti-Avoidance Rules’ grandfathering provision raises concerns that other foreign investors could eventually face scrutiny like what Tiger Global faced, tax law professionals added.
“The judgment signals a stricter and more expansive application of India’s anti-avoidance rules,” BMR Legal Associates said in a note.
The court held earlier this month that Tiger Global’s ...
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