Tiger Global tax ruling paves way for I-T dept to revive 2019 assessment, spooks investors

Tiger Global's Supreme Court setback allows the income tax department to revive its 2018-19 assessment and a Rs 968 crore refund claim. The ruling, upholding the tax department's stance on a Flipkart stake sale, has unsettled foreign investors, raising concerns about ongoing and past transactions due to perceived reinterpretation of tax policies.