The Income Tax department has assured the Karnataka High Court that no coercive action will be taken against Flipkart India Private Limited on the demand notices issued by the Assistant Commissioner of Income Tax for Rs 1,100 crore.
The company had filed 2 writ petitions challenging the demand notices issued on Jan 31, 2023, for the assessment years 2016-17 and 2018-19.
Justice BM Shyam Prasad, in his interim order on Feb 6, 2023 recorded the Department’s assurance against coercive action till the next date of hearing on February 24.
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