SC halts Rs 317 cr tax demand against Antrix Corporation
The Supreme Court has stayed the tax recovery demand of over Rs 317 crore raised by the Karnataka tax department on Antrix Corporation, the commercial arm of Indian Space Research Organisation, for the value added tax (VAT) arrears payable for July 2008 to March 2014.
A Bench led by Justice Prashant Kumar sought response from the state tax department on an application by Antrix and posted the matter for further hearing in August.
Read more at: The Economic Times
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