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    <title>Tiger Global liable to pay tax on capital gains from 2018 Flipkart deal: SC</title>
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    <description>Capital gains from Tiger Global&#039;s 2018 exit from Flipkart are taxable in India because the sale of unlisted equity shares occurred pursuant to an arrangement impermissible under law, precluding exemption under Article 13(4) of the DTAA; the revenue finding on the impermissible arrangement and intermediary corporate structure was upheld against the Delhi High Court&#039;s contrary characterisation.</description>
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      <description>Capital gains from Tiger Global&#039;s 2018 exit from Flipkart are taxable in India because the sale of unlisted equity shares occurred pursuant to an arrangement impermissible under law, precluding exemption under Article 13(4) of the DTAA; the revenue finding on the impermissible arrangement and intermediary corporate structure was upheld against the Delhi High Court&#039;s contrary characterisation.</description>
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