Supreme Court Rules Tiger Global Must Pay Capital Gains Tax on Flipkart Sale

The Indian Supreme Court ruled that Tiger Global must pay capital gains tax on its 2018 sale of Flipkart shares, overturning treaty-based exemptions previously claimed via Mauritius. This decision challenges tax treaty interpretations, particularly on indirect transfers, and may affect other private equity firms using offshore structures. Legal experts note the ruling could prompt review petitions and influence future treaty applications, with implications for investor confidence and tax policy enforcement in India.