India’s Supreme Court has ruled against
- Tiger Global had claimed tax exemption on the Flipkart stake sold by its Mauritius unit to Walmart in 2018
- The exemption was claimed under the India-Mauritius tax treaty
- On Thursday, the top court held that the capital gains arising out of the transaction are taxable in India
- It set aside a lower court that ruled in favor of Tiger Global and found no wrongdoing
- The court has held that claiming tax exemption under the treaty ...
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