Flipkart India has been granted an interim stay by the Karnataka High Court over a tax demand of around Rs 1,100 crore. Additionally, the HC also said in an interim order that no coercive action should be taken against the company till the next hearing on the matter on February 24.
The matter is related to the assessment years of 2016-17 and 2018-19.
Flipkart was asked to submit the demand in four days following which it moved court to challenge the notice.
“The submission on behalf of the respondents (tax department) is that there cannot be any prohibition in law against issuance of notice, but during the appeal period, no coercive measures may be taken and as such, coercive measures will not be taken. This assurance shall be in force until the next date of hearing, and the office is directed to re-list this petition on 24.02.2023,” the HC has said.
ETtech has reached out to Flipkart on the matter. We will update the story with the company’s response.
( This is a developing story and will be updated)
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