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Assessment proceedings in Tiger Global case to revive soon, say CBDT sources
January 17, 2026
|Financial Express Kochi
WITH THE SUPREME Court’s landmark judgment delivered on January 15, ruling that capital gains from Tiger Global's 2018 stake sale in Flipkart (as part of Walmart's acquisition) are taxable in India, the assessment proceedings for the concerned firms for 2019-20, which had effectively remained in abeyance due to litigation, will now revive swiftly, sources from the Central Board of Direct Taxes (CBDT) said on Friday.
The assessing officer is expected to complete the assessments in line with the SC's final ruling, the sources said. The firms' refund claim of ₹967.52 crore (withholding tax) will now be addressed as part of the assessment and any consequential demand proceedings, the sources added.
هذه القصة من طبعة January 17, 2026 من Financial Express Kochi.
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Financial Express Kochi
Energy security, industry at core of India’s clean power push: Joshi
INDIA IS RECASTING its clean energy transition as a core industrial and manufacturing strategy, with non-fossil sources now accounting for 52% of installed power capacity and total non-fossil capacity reaching 267 GW, Union Minister for New and Renewable Energy Pralhad Joshi said at the World Economic Forum (WEF) Annual Meeting in Davos.
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Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally
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1 min
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Financial Express Kochi
Report gains or losses from F&O trading as business income in ITR
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2 mins
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Financial Express Kochi
‘Retail AUM may touch ₹1 lakh cr by March’
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1 mins
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Financial Express Kochi
ICCT20 World Cup: Scotland likely to replace Bangladesh
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1 mins
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Financial Express Kochi
Rupee sinks to all-time low, reports steepest weekly fall in 6 months
THE RUPEE FELL to a record low on Friday and posted its steepest weekly decline in six months, weighed by sustained foreign outflows and hedging by importers.
1 mins
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Financial Express Kochi
IPOs in Dec moderated from ’25 peak: Sebi bulletin
FUNDRAISING BY INDIAN companies through initial public offerings (IPOs) relatively moderated in December compared to the peak levels in 2025, though the number of new issuances was the highest and the issuance size was the third highest globally, a bulletin released on Friday by the Securities and Exchange Board of India (Sebi) showed.
1 min
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Financial Express Kochi
States' combined fiscal deficit rose to 3% in 2024-25: RBI report
STATES' CONSOLIDATED GROSS fiscal deficit rose to 3.3% of gross domestic product (GDP) in 2024-25, after staying below 3% for the previous three years, according to a Reserve Bank of India's (RBI) annual report on state finances released on Friday.
1 min
January 24, 2026
Financial Express Kochi
Prepare orders for Nvidia chips: China to firms
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1 min
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Financial Express Kochi
Tata Power secures World Bank loan for its Bhutan project
THE WORLD BANK sanctioned long-term financing of $815 million for the 1,125 MW Dorjilung Hydropower Project (DHPL) in Bhutan.
1 min
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