SC to decide fate of Rs. 20,000 – 23,000 crore of tax notices dating back 18 years

Thousands of notices, worth to Rs. 23,000 crore and hanging fire for 18 years are finally set to have their fate decided by the Supreme Court in a sticky legal battle that will decide whether the Department of Revenue Intelligence has the power to issue such notices.

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The apex court has begun hearings following a government petition to review its own ruling, delivered in 2021, that dipped the DRI’s powers to issue notices.

Source: Livemint

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