Centre to Recover Taxes from Tiger Global After SC Verdict on Flipkart Sale

• The Centre will initiate tax recovery proceedings against Tiger Global Management following a Supreme Court verdict.
• The case pertains to Tiger Global's 2018 sale of its stake in online retailer Flipkart, which resulted in capital gains exceeding Rs 14,500 crore.
• The Supreme Court ruled that Tiger Global's capital gains are taxable under Indian domestic law, overturning a Delhi High Court decision.
• This ruling could establish a precedent for how India applies tax treaties to offshore exits, potentially impacting global investors.
• A withheld refund of Rs 970 crore claimed by Tiger Global will also be included in the tax demand.

Why It Matters: India will recover taxes from Tiger Global on Flipkart stake sale after Supreme Court ruling.