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HomeDirect TaxSupreme Court Rules Tiger Global’s Flipkart Exit Taxable in India, Flags Impermissible...

Supreme Court Rules Tiger Global’s Flipkart Exit Taxable in India, Flags Impermissible Tax Avoidance

Direct Tax

Published on

By Mariya Paliwala
Supreme Court

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The Supreme Court on Thursday held that capital gains arising from Tiger Global’s exit from Flipkart in 2018 are taxable in India, concluding that the investment structure amounted to impermissible tax avoidance. A Bench comprising Justices J.B. Pardiwala and R. Mahadevan allowed the appeals filed by the income tax department, overturned an August 2024 judgment…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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