ASG Venkataraman rebuts ‘anti-investment’ reading of Tiger Global ruling | https://www.barandbench.com/columns/asg-venkataraman-rebuts-anti-investment-reading-of-tiger-global-ruling [18/01, 16:32] Meta AI: Additional Solicitor General (ASG) Venkataraman has countered claims that the Supreme Court’s ruling in the Tiger Global case is anti-investment. He argues that the
[18/01, 16:32] Sekarreporter: ASG Venkataraman rebuts ‘anti-investment’ reading of Tiger Global ruling | https://www.barandbench.com/columns/asg-venkataraman-rebuts-anti-investment-reading-of-tiger-global-ruling
[18/01, 16:32] Meta AI: Additional Solicitor General (ASG) Venkataraman has countered claims that the Supreme Court’s ruling in the Tiger Global case is anti-investment. He argues that the judgment upholds India’s tax sovereignty, respects treaties, and doesn’t deter foreign investment under the post-2012 tax regime. ¹
Venkataraman emphasizes that investors are aware of the tax regime when investing in India, especially after the 2012 amendments. He also points out that the Supreme Court’s decision doesn’t authorize the Indian executive to breach trade agreements or treaties. Instead, it recommends preserving tax sovereignty to serve India’s best interests.
The case involves Tiger Global International III Holdings, a Mauritius-based entity, which sold its stake in Flipkart to Walmart, resulting in capital gains. The Delhi High Court had ruled in favor of Tiger Global, but the Supreme Court has stayed the order, citing “pan-India implications” and the need for “thorough consideration”. ² ³ ⁴
Would you like to know more about the implications of this ruling on foreign investment in India or the Supreme Court’s stance on tax sovereignty?
