Indian automotive major Maruti Suzuki has received a ₹2.5 crore tax demand from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh. The company will be contesting the demand in the Supreme Court. The demand is for a four-year period between April 2006 and March 2010, and the original demand of ₹11.5 crore has been revised to ₹2.5 crore.
The income tax department will proceed with the recovery of Rs 115 crore in income tax dues from the Indian National Congress for the financial year 2018-19. The party’s bank accounts have been attached and frozen as part of the routine recovery process. The party had not deposited the tax demand claimed by the department. The matter will be heard by the income tax appellate tribunal on February 21.
