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

Financial Express Delhi

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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.

MEER VERHALEN VAN Financial Express Delhi

Financial Express Delhi

US hints at scrapping 25% Russia oil tariff

WITH THE 25% oil-related tariffs and another 25% for addressing trade deficit, India has the highest tariffs amongst all US trade partners.

time to read

1 min

January 25, 2026

Financial Express Delhi

APSEZ to invest ₹30,000 cr in development of Vizhinjam sea port, says MD

director of Adani Ports and Special Economic Zone (APSEZ) which manages the Vizhinjam port, on Saturday said the company will be investing a cumulative ~30,000 crore in the development of the seaport.

time to read

1 min

January 25, 2026

Financial Express Delhi

Warming up to wine

Amid increasing climate uncertainty, India is ensuring that the next chapter of its wine story is shaped as much by resilience and innovation as by its terroir

time to read

6 mins

January 25, 2026

Financial Express Delhi

'President Trump can't just manifest peace like a mantra'

Based in Beirut, the capital of Lebanon, Kim Ghattas has been a keen observer of the Middle East.

time to read

4 mins

January 25, 2026

Financial Express Delhi

Trump unveils new defence strategy, dials down on China

The roadmap makes homeland a priority; muscle in Indo-Pacific

time to read

2 mins

January 25, 2026

Financial Express Delhi

A metabolic health crisis

Simplifying insulin resistance, a clinically significant condition that acts as a root cause for type 2 diabetes, obesity, and more

time to read

5 mins

January 25, 2026

Financial Express Delhi

SNOWFALL IN HIMACHAL PRADESH 600 roads blocked even as snow attracts tourists

WHILE TOURISTS ARE rejoicing over fresh snowfall in Himachal Pradesh, local residents, farmers, and orchardists are pinning long-term hopes on a good tourism season and a productive agricultural year.

time to read

1 mins

January 25, 2026

Financial Express Delhi

ICC pushes Bangladesh out, brings in Scotland

The decision follows Bangladesh’s refusal to travel to India

time to read

2 mins

January 25, 2026

Financial Express Delhi

How to plan a Caribbean getaway amid travel chaos

The recent military operation in Venezuela disrupted vacations to popular destinations. Here are tips for buying travel insurance and protecting your trip

time to read

2 mins

January 25, 2026

Financial Express Delhi

US hints at scrapping 25% tariff linked to Russian oil

US TREASURY SECRETARY Scott Bessent has hinted that the 25% extra tariffs on India could be scrapped following a reduction in Indian imports of crude oil from Russia.

time to read

1 min

January 25, 2026

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