Income Tax Department to Resume Tax Recovery from Tiger Global Management

• The Income Tax Department will restart tax proceedings against Tiger Global Management for capital gains from its 2018 Flipkart exit.
• Tiger Global sold its entire stake in Flipkart to Walmart Inc. for 14,500 crore rupees, generating significant capital gains.
• The Supreme Court overturned a Delhi High Court decision, ruling that Tiger Global's capital gains are taxable under Indian law.
• The tax assessment process, previously halted, will now proceed following the Supreme Court's definitive ruling.
• This decision could set a precedent for tax treaties on offshore sales, potentially increasing uncertainty for global investors.

Why It Matters: India will resume tax recovery from Tiger Global for Flipkart capital gains after a Supreme Court ruling.