Legal1 May 2026, 03:28 pm
Delta Corp: SC stays proceedings on tax notices
AI Summary
Delta Corp Limited and its subsidiary, Highstreet Cruises and Entertainment Private Limited, have received a significant interim relief from the Supreme Court of India. The Hon'ble Supreme Court has ordered a stay on all further proceedings related to the show cause notices issued to the companies for alleged short payment of tax. This stay will remain in effect until the final disposal of the Special Leave Petitions (SLP(C) Nos. 19366-19369/2023) and all other tagged matters. This development provides a temporary reprieve for Delta Corp regarding the substantial tax demands.
Key Highlights
- Supreme Court stayed tax notice proceedings against Delta Corp.
- Stay is pending final disposal of related SLP matters.
- Provides temporary relief from significant tax demands.
- Notices were for alleged short payment of tax.