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The bench, in its July ruling, also directed the department to pay Flipkart interest on the full deposit amount from the date of payment until the refund is made
The dispute pertains to tax authorities classifying phone chargers as an unscheduled commodity and raising a demand of INR 23.01 Cr against Flipkart for period between 2011-12 and 2014-15
After a division bench of the HC ruled in favour of Flipkart in 2022, the tax department refunded only the cash portion while…
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The bench, in its July ruling, also directed the department to pay Flipkart interest on the full deposit amount from the date of payment until the refund is made
The dispute pertains to tax authorities classifying phone chargers as an unscheduled commodity and raising a demand of INR 23.01 Cr against Flipkart for period between 2011-12 and 2014-15
After a division bench of the HC ruled in favour of Flipkart in 2022, the tax department refunded only the cash portion while…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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