'Delhi HC asks I-T dept not to take coercive action against NDTV '
The Income Tax Department has levied a penalty of Rs 436.80 crore for assessment year 2009-10 on NDTV
New Delhi Television Ltd (NDTV) today said the Delhi High Court has directed the tax department not to take any coercive action against it for a period of 10 days in case the assessing officer in the Rs 436.80 crore tax case for 2009-10 rejects the stay.
The Income Tax Department has levied a penalty of Rs 436.80 crore for assessment year 2009-10 on NDTV and the news channel has filed a writ petition against the order by the I-T Department.
In this regard we wish to inform you that the company has now received the copy of the court order wherein the tax department has been directed not to take any coercive action against the company for a period of 10 days in case of rejection of stay by the Assessing Officer," NDTV said in a regulatory filing.
The company has been slapped I-T notice under section 271 (1) (c) of the I-T Act which provides for levying penalty in case an assessee has concealed income particulars or furnished inaccurate details.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Exclusive: Sebi reviews authorised person regulations; discusses minimum qualification, NISM certification and deposit amount criteria
SIP Investment: Can Rs 70/day savings help you build Rs 6 crore corpus? Understand calculations for 10, 20, 30, and 40 years at 13%, 14%, and 15% return
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
EPF vs SIP vs PPF: Which can help generate highest retirement corpus on Rs 11,000 monthly investment in 30 years?
07:02 PM IST