India Supreme Court rules Tiger Global Flipkart stake sale is taxable
India's Supreme Court ruled that Tiger Global's 2018 stake sale in Flipkart is taxable. This landmark decision clarifies cross-border investment tax principles.
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India's Supreme Court has issued a landmark ruling stating that the $1.6 billion stake sale in Flipkart to Walmart Inc. in 2018 is subject to taxes in India 
IN. The decision overturns previous claims for tax exemptions and clarifies how the country will apply tax principles to significant cross-border transactions involving foreign investment. This ruling is expected to have lasting implications for how Indiainterprets and applies international tax treaties in the context of major investment deals.
IN. The decision overturns previous claims for tax exemptions and clarifies how the country will apply tax principles to significant cross-border transactions involving foreign investment. This ruling is expected to have lasting implications for how Indiainterprets and applies international tax treaties in the context of major investment deals.
