Supreme Court Rules Against Tiger Global in Walmart-Flipkart Tax Case

• India's Supreme Court ruled that Tiger Global's $1.6 billion Flipkart stake sale to Walmart is taxable.
• The ruling is a significant win for New Delhi regarding international tax treaties and their use by foreign investors.
• The dispute centered on Tiger Global's use of the India–Mauritius tax treaty to claim exemptions, which Indian authorities objected to.
• Justice R. Mahadevan deemed the transaction an "impermissible tax avoidance arrangement," denying tax exemption.
• This landmark decision sets a precedent for future cross-border deals and India's application of tax principles.

Why It Matters: Supreme Court mandates Tiger Global to pay tax on its Flipkart sale, setting a precedent for tax treaties.