AAR’s rejects Applications of Mauritius Entities for selling Flipkart shares

Re. Tiger Global International II Holdings, Mauritius & Ors (Authority for Advance Rulings New Delhi) Facts: ♠ Tiger Global International (II, III, IV) were the applicants, the Mauritius based companies which holds several shares in the Flipkart Private Limited, the Singapore based Company, the company which derive its substantial value from the assets located in the India. ♠ The Mauritius based companies had made investments in the Flipkart (Singapore) in various tranches during the period from Oct-2011 to Apr-2015, therefore, these companies were eligible to get benefit of grandfathe...