SC Rules on Cross-Border Taxation in Tiger Global Case

The Supreme Court of India made a big decision about taxes.

They said that a company called Tiger Global has to pay taxes in India for selling shares of a Singapore company.

The court decided that even if Tiger Global had a special certificate saying they were based in Mauritius, that wasn't enough to avoid Indian taxes.

The court also said that special tax rules called GAAR apply, even if the shares were bought before these rules were made.

This decision might make other foreign companies more careful about their tax plans in India.

The court also talked about how countries should balance their own tax rules with being friendly to investors.