Legal14 Aug 2026, 10:20 pm
Sri Lotus Developers Files Writ Petition Against State Tax Order
AI Summary
Sri Lotus Developers and Realty Ltd has filed a writ petition before the Deputy Commissioner of State Tax, (Appeals - IV), Mumbai, challenging an order received from the Office of the Assistant Commissioner of State Tax, Investigation – B, Mumbai. This order pertains to alleged tax liabilities, interest, and penalties for FY 2020-21, 2021-22, and 2023-24, amounting to significant sums for CGST, SGST, and penalties. The company disputes the tenability of the demand and is pursuing legal recourse. This action follows previous intimations regarding a Show Cause Notice and the subsequent order received.
Key Highlights
- Company challenges state tax order via writ petition.
- Alleged tax, interest, and penalty demand for FY 2020-24.
- Company disputes the validity of the tax demand.
- Legal recourse is being actively pursued by the company.
Price Impact
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