Walmart Flipkart Deal

Walmart-Flipkart $16 bn deal: NCLAT adjourns hearing over CCI's approval for 14 December

Now, the matter has been listed on 14 December for the next hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT)

NCLAT adjourns hearing over CCI's $16 bn Walmart-Flipkart deal approval to 12 November

The NCLAT on Friday adjourned its hearing over the petition filed by traders' body CAIT against fair trade regulator CCI's approval of Walmart's $16 billion acquisition of Flipkart.

Walmart submits details of tax deducted from each Flipkart investor to Income Tax Department

After Walmart deposited Rs 7,439 crore tax, the income tax department asked Walmart to explain the rationale followed while deducting or not deducting taxes from Flipkart shareholders.

Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officials

In case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.

Walmart unit asked to explain India business model after $16 bn Flipkart buy

Walmart completed the acquisition of 77 percent stake in Flipkart on 18 August, in one of the biggest US foreign investment.

Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 September

Following the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.

Traders' body CAIT files petition in NCLAT against CCI's decision to approve Walmart-Flipkart deal

In the petition, CAIT said it has mentioned that CCI has in its order ignored the predatory activities carried out by both Flipkart and Walmart in the past.

Walmart-Flipkart deal: CCI says discounting practice 'already prevalent', no bar on it to probe

In its detailed order clearing the deal, the CCI has said the deal is "not likely" to have an appreciable adverse effect on competition in India.

Walmart-Flipkart deal: US retailer could approach I-T Department to determine tax liability on $16 billion buyout

Following CCI's nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act within a fortnight.

Walmart-Flipkart deal: Traders' body CAIT to move court against Competition Commission of India's nod to the pact

The CAIT has been demanding the government to scrap the deal and constitute a regulatory authority to monitor the country's e-commerce market.