SC upheld the tax department’s claim that capital gains made on Tiger Global’s $1.6 Bn sale of Flipkart shares to Walmart were taxable in India
The investor had argued that it was not liable to pay capital gains tax on its returns from the Flipkart stake sale under the DTAA signed between India and Mauritius
Tiger Global had invested in Flipkart through a Mauritius entity, a move seen by Indian authorities as being solely for tax-saving purposes
In a major setback for US-based Tiger Global, the Supreme Court has…

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