Income Tax Case: No Coercive Action Against Flipkart Till February 24
NDTV
Justice BM Shyam Prasad, in his interim order on February 6, 2023 recorded the Department's assurance against coercive action till the next date of hearing on February 24.
The Income Tax department has assured the High Court of Karnataka that no coercive action will be taken against Flipkart India Private Limited on the demand notices issued by the Assistant Commissioner of Income-Tax for Rs 1,100 crore.
The company had filed two writ petitions challenging the demand notices issued on January 31, 2023 for the assessment years 2016-17 and 2018-19.
Justice BM Shyam Prasad, in his interim order on February 6, 2023 recorded the Department's assurance against coercive action till the next date of hearing on February 24.
"The submission on behalf of the respondent is that there cannot be any prohibition in law against issuance of notice, but during the appeal period, no coercive measure may be taken and as such, coercive measures will not be taken," the court recorded in its interim order.
