Legal17 Mar 2026, 05:32 pm
Supreme Court Stays VAT Demands on IRCON International Ltd - Saves Rs. 78.64 Crore Pending Disposal of Special Leave Petitions
AI Summary
The Hon’ble Supreme Court of India, vide its order dated 16
Key Highlights
- Supreme Court issues notice to VAT department in IRCON's case
- Stay on common judgment of Patna High Court regarding VAT demands
- Demand for six years, i.e., FY 2010-11 to FY 2016-17 stayed
- Stay saves IRCON approximately Rs. 78.64 crore
- Special Leave Petitions filed by IRCON are still pending