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$1.4 bn tax demand on Volkswagen: HC asks for affidavit
Mint Hyderabad
|February 27, 2025
The Bombay High Court on Wednesday directed the customs department to explain through an affidavit how its September 2024 show-cause notice raising a tax demand of $1.4 billion from Skoda Auto Volkswagen India was not barred by limitation.
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A division bench of Justices B. P. Colabawalla and Firdosh Pooniwalla has been extensively hearing the plea filed by the automobile company challenging the notice on the grounds that it was arbitrary and illegal.
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India ships jet fuel to US West Coast
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Gold spike, Trump tariffs lift goods trade deficit to all-time high
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Blockbuster year in sight for IPO street as issuers queue up
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Govt keen on timely payments to MSMEs
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Blockbuster year in sight for IPO street
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Do pre-IPO gains get long-term tax status?
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Bezos takes on first ops role since Amazon
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Meity clears projects worth ₹7,172-crore
The ministry of electronics and information technology (MeitY) on Monday cleared 17 projects, with a cumulative investment of ₹7,172 crore, in the second tranche of approvals under a scheme that aims to boost the production of electronic goods within the country.
1 min
November 18, 2025
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