Delhi High Court Quashes ₹1,49 Crore GST Demand Against ICICI Lombard
Court Directs Fresh Proceedings in Light of Show Cause Notice
The Delhi High Court has quashed a ₹1,49,55,43,768 GST demand and accompanying penalties imposed on ICICI Lombard General Insurance Company for the financial year 2019-20. The Court directed the GST Officer to proceed afresh based on the Show Cause Notice already issued and the company’s submitted response.
ICICI Lombard Wins Legal Battle Against GST Demand
Delhi High Court Orders Reconsideration of ₹149 Crore Tax Dispute
In a significant ruling, the Delhi High Court annulled the GST demand of over ₹149 crore against ICICI Lombard, instructing the authorities to reassess the case in light of the company’s submitted reply. The case centered around discrepancies in the Input Tax Credit reconciliation.
Delhi High Court Overturns GST Penalty on ICICI Lombard
Fresh Review Ordered Following ICICI Lombard’s Challenge
The Delhi High Court has ruled in favor of ICICI Lombard, quashing the GST demand and penalties for FY 2019-20. The court directed the GST department to review the case once more, taking into account the Show Cause Notice and the company’s response
