The Supreme Court has ruled that capital gains from Tiger Global’s 2018 exit from Flipkart are taxable in India, even though the investment was routed through Mauritius and backed by a tax treaty.
In this video, ThePrint explains why the court held that the offshore structure lacked real commercial substance, how India’s General Anti-Avoidance Rule (GAAR) overrides treaty protection, and what this means for foreign investors, private equity funds, and cross-border M&A deals.
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