India: PE firm Tiger Global moves Delhi High Court against Flipkart tax ruling

India: PE firm Tiger Global moves Delhi High Court against Flipkart tax ruling

FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa/File photo

New York-based private equity (PE) investor Tiger Global on Monday moved the Delhi High Court against the quasi-judicial body ruling. The ruling in June by Authority of Advance Ruling (AAR) had denied the PE firm benefits of grandfathering provisions under the India-Mauritius Double Tax Avoidance Agreement when it exited Flipkart in 2018.

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