India Top Court Says Tiger Global Liable for Flipkart Taxes (2)

Jan. 15, 2026, 12:58 PM UTC

India’s Supreme Court has held that Tiger Global’s capital gains arising from its 2018 stake sale in Flipkart to Walmart Inc. are taxable under domestic law in a setback for the US investment firm.

The court overturned a Delhi High Court ruling that allowed Tiger Global to claim exemptions under the India-Mauritius tax treaty. The decision is a win for local tax authorities, who argued that Tiger Global used its Mauritius entities to avoid paying taxes.

The ruling can set a precedent for how India applies tax treaties to offshore exits, potentially increasing uncertainty for global investors seeking clarity ...

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