Supreme Court rules in tax department’s favour in Tiger Global caseThe 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 Apex 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 ...