The Resource Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
Resource Information
The item Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019 represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019 represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- Judgment by the Authority for Advance Rulings (Income Tax) New Delhi, decision date 26 March 2020. The applicants in these cases were three investment companies incorporated in Mauritius and holding Category 1 Global Business Licences as well as being resident in Mauritius for purposes of Mauritius taxation. The companies held shares in a Singapore company, Flipkart Private Ltd, which in turn held interests in companies having a business activity in India. In August 2018 the three Mauritius companies transferred certain of their shares in the Singapore company to a Luxembourg purchaser. They contended that the gain on the disposal of the shares in the Singapore company was taxable only in Mauritius by virtue of the Mauritius-India double taxation convention. The Indian Revenue ruled that the applicants would be liable for tax on the capital gains and the applicants applied to the Authority for Advance Rulings. The Authority for Advance Rulings refused to issue a ruling on the ground that the ruling was in respect of a transaction which was designed prima facie for the avoidance of income tax
- Language
- eng
- Label
- Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
- Title
- Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
- Language
- eng
- Summary
- Judgment by the Authority for Advance Rulings (Income Tax) New Delhi, decision date 26 March 2020. The applicants in these cases were three investment companies incorporated in Mauritius and holding Category 1 Global Business Licences as well as being resident in Mauritius for purposes of Mauritius taxation. The companies held shares in a Singapore company, Flipkart Private Ltd, which in turn held interests in companies having a business activity in India. In August 2018 the three Mauritius companies transferred certain of their shares in the Singapore company to a Luxembourg purchaser. They contended that the gain on the disposal of the shares in the Singapore company was taxable only in Mauritius by virtue of the Mauritius-India double taxation convention. The Indian Revenue ruled that the applicants would be liable for tax on the capital gains and the applicants applied to the Authority for Advance Rulings. The Authority for Advance Rulings refused to issue a ruling on the ground that the ruling was in respect of a transaction which was designed prima facie for the avoidance of income tax
- Citation source
- In: International tax law reports. - London. - Vol. 23 (2020), part 1 ; p. 28-59
- http://bibfra.me/vocab/relation/comm
- _thH4Uzxnbw
- http://library.link/vocab/creatorName
- Goradia, S
- Geographic coverage
-
- Asia
- Africa
- Language note
- English
- http://library.link/vocab/relatedWorkOrContributorName
- Baker, P
- http://library.link/vocab/subjectName
-
- advance ruling
- tax treaty
- capital gains tax
- tax avoidance
- central management and control
- beneficial ownership
- Label
- Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
- Label
- Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
Embed
Settings
Select options that apply then copy and paste the RDF/HTML data fragment to include in your application
Embed this data in a secure (HTTPS) page:
Layout options:
Include data citation:
<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Tiger-Global-International-II-Holdings-Mauritius/E0KZhpQfgUg/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Tiger-Global-International-II-Holdings-Mauritius/E0KZhpQfgUg/">Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
Note: Adjust the width and height settings defined in the RDF/HTML code fragment to best match your requirements
Preview
Cite Data - Experimental
Data Citation of the Item Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019
Copy and paste the following RDF/HTML data fragment to cite this resource
<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Tiger-Global-International-II-Holdings-Mauritius/E0KZhpQfgUg/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Tiger-Global-International-II-Holdings-Mauritius/E0KZhpQfgUg/">Tiger Global International II Holdings, Mauritius v Commissioner of Income Tax (International Tax) : AAR/04/2019 / AAR/05/2019 / AAR/07/2019</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
