I-T department begins examining Flipkart-Walmart deal to ascertain tax liability

I-T department begins examining Flipkart-Walmart deal to ascertain tax liability
Soon after the Flipkart-Walmart deal, the Income Tax department is examining the deal and has sought responses from Flipkart to examine tax liability. To recall, Walmart has agreed to purchase 77% of Flipkart’s ownership for a consideration of $16 billion.
I-T department begins examining Flipkart-Walmart deal to ascertain tax liability