Jane Street may take Singapore route to sort out India tax row

Synopsis With the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initiating the ‘Mutually Agreed Procedure’ (MAP) — the dispute resolution mechanism under the treaty between Indian and Singapore, two persons told ET. Mumbai: Jane Street, the American investor group which is having a run-in with Indian authorities, may knock at the doors of the Singapore government in trying to resolve its tax woes here. With the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working…