Keenly watched by foreign investors, the dispute relates to how the US investment firm used the India–Mauritius tax treaty to claim tax exemptions and Indian authorities’ fierce objections to it. Tiger Global did not immediately respond to a request for comment by Reuters. The company might ask the Supreme Court to review its verdict, but typically such requests have a low success rate. Tiger Global had argued that profits from the stake it sold — 17 per cent of Flipkart — were exempted from taxes under the India-Mauritius tax treaty. Tiger Global denied that.

Source: The Telegraph January 16, 2026 02:38 UTC