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The Mumbai Income Tax Appellate Tribunal has ruled that eBay Singapore Services (Flipkart. Photo: Anirudh Saligrama/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The Mumbai Income Tax Appellate Tribunal has ruled that eBay Singapore Services is not liable to pay capital gains tax in India on the sale of its Flipkart Singapore shares, granting relief under the India–Singapore Double Taxation Avoidance Agreement.
The ruling stands in contrast to the Tiger Global–Flipkart case, where Mauritius-based entities were denied treaty benefits.
The Flipkart tax case traces back to Walmart’s 2018 acquisition of a majority stake in Flipkart, when investors such as eBay and Tiger Global exited the company, leading to capital gains tax disputes with Indian tax authoritie
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