The relaxation of preferential allotment norms will also protect companies from the threat of takeovers
While the foreign investor has a strong case, some loopholes could work in the favour of tax authorities.
Tiger Global entities had approached the AAR after the Income Tax Department rejected their application seeking benefits under the India-Mauritius Double Tax Avoidance
The possibilities include listing some of their Indian entities or creating a holding structure outside India. These companies and their tax consultants are