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SC Stays Tax Notices of ₹1.5 tn to E-gaming Cos
Mint Bangalore
|January 11, 2025
The gaming companies and the revenue department both sought the stay
The Supreme Court (SC) on Friday stayed all tax notices issued by the revenue department to online gaming companies, estimated at more than ₹1.5 trillion, on pleas by both parties, and scheduled the next hearing on the matter for 18 March.
The gaming companies and the revenue department had sought the stay, with the revenue department seeking to prevent the expiry of several notices by the first week of February.
The bench of justices J.B. Pardiwala and R. Mahadevan granted the stay in the interest of all parties after the revenue department expressed concern that delaying action on the notices could make them time-barred, preventing the government from collecting the tax demanded.
यह कहानी Mint Bangalore के January 11, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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