Nazara Technologies Ltd.’s subsidiary, Openplay Technologies Pvt., has announced that the Calcutta High Court has granted interim relief regarding a tax demand worth Rs 846 crore. Openplay Technologies had received a show cause notice from the Director General of GST Intelligence, Kolkata, concerning a liability of Rs 845.72 crore for the period from 2017-18 to 2022-23 in July, as per an exchange filing on Saturday.
The company had filed a writ petition before the Calcutta High Court, challenging the above demand, the filing said.
The Calcutta High Court has granted interim relief to Openplay, directing that no effect shall be given to any order passed by the Tax Authority in relation to the show cause notice for the above demand without the leave of the Calcutta High Court.
Read more at: NDTV | Profit
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