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Assessment proceedings in Tiger Global case to revive soon, say CBDT sources

Financial Express Chandigarh

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January 17, 2026

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.

- FE BUREAU

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.

WEITERE GESCHICHTEN VON Financial Express Chandigarh

Financial Express Chandigarh

Markets log worst week in 4 months

Investors poorer by ₹16.3L cr; Adani shares top laggards

time to read

1 min

January 24, 2026

Financial Express Chandigarh

'MUFG deal approvals are expected by March'

Shriram Finance managing director and chief executive Parag Sharma tells Kshipra Petkar about the company’s profit run-rate outlook and asset quality trends.

time to read

1 mins

January 24, 2026

Financial Express Chandigarh

‘Indian software has huge demand’

Zoho on Friday launched a com- prehensive enterprise resource planning (ERP) solution, marking its entry into a multi-billion-dol- larmarket dominated by domes- tic and global players. Zoho founder and Chief Scien- tist Sridhar Vembu tells Narayanan V about the rationale behind the move, plans to develop Kumbakonam as a talent hub, and the impact of AI on businesses. Excerpts:

time to read

2 mins

January 24, 2026

Financial Express Chandigarh

Deceit and intimidation

US EXIT FROM GLOBAL BODIES FOLLOWS PAST CHICANERY, MAY NOW GIVE DEVELOPING WORLD A GREATER SAY

time to read

3 mins

January 24, 2026

Financial Express Chandigarh

Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally

FOREIGN EXCHANGE RESERVES rose to $701.36 billion as of January 16, compared with $687.19 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.

time to read

1 min

January 24, 2026

Financial Express Chandigarh

Steady growth in H1 for auto ancillary biz

INDIA'S AUTO COMPONENT industry delivered resilient growth in the first half of FY26, but rising imports underline the structural challenges which lie ahead even as export competitiveness improves.

time to read

1 min

January 24, 2026

Financial Express Chandigarh

Report gains or losses from F&O trading as business income in ITR

YOU CAN SET OFF LOSSES AGAINST INCOME FROM ANY HEAD OTHER THAN SALARIES

time to read

2 mins

January 24, 2026

Financial Express Chandigarh

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.

time to read

1 mins

January 24, 2026

Financial Express Chandigarh

Higher refining margins push BPCL profit up 62%

BPCL REPORTED A 62% year-on-year rise in standalone net profit to %7,545.27 crore for the October-December quarter, supported by stronger refining margins amid softer international crude oil prices, reports Saurav Anand.

time to read

1 min

January 24, 2026

Financial Express Chandigarh

ITC scales up push into high-value agriculture

ITC IS STEPPING up its push into high-value agriculture—ranging from fruits, vegetables and spices to biological extracts—as it deepens engagement with farmers through its digital platform, Meta Market for Advanced Agricultural Rural services (ITCMAARS), a key growth pillar of its agribusiness.

time to read

1 min

January 24, 2026

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