Supreme Court Rejects Tiger Global’s Tax Plea in Flipkart Stake Sale Case

The Supreme Court dismissed a plea filed by a US-based investment firm Tiger Global,,  challenging the capital gains tax imposed on its sale of Flipkart shares to Walmart in 2018.

The Court held that tax authorities were justified in rejecting the firm’s request for tax exemption under the India–Mauritius Double Taxation Avoidance Agreement. It observed that once a transaction is found to be prima facie structured to avoid tax, authorities are not required to examine its merits.

The Court further clarified that possession of a Tax Residency Certificate does not bar scrutiny under anti-avoidance provisions, including GAAR.

[Authority of Advanced Ruling v. Tiger Global]