Delta Corp Limited was recently served with notices indicating a tax deficit amounting to Rs 1,1,39,61,03,423 (rupees eleven thousand one hundred and thirty nine crore sixty one lakh three thousand four hundred and twenty three) in its filing detailing the notices received by both the parent company, Delta Corp Limited, and its subsidiaries
The Bombay High Court in Goa had reviewed writ petitions filed by both the company and its subsidiaries regarding show cause notices issued by tax authorities and issued an order preventing the authorities from making conclusive decisions without earlier court approval, Delta Corp said in a stock exchange filing on 24 October. It also mentioned that the court has set specified dates for arguments, hearings, and the final adjudication of these writ petitions.
“The Hon’ble High Court of Bombay at Goa considered the writ petitions filed by the Company and its subsidiaries on 23rd October, 2023. Basis a statement made on behalf of the concerned tax authorities; the Hon’ble High Court has directed such authorities not to pass any final orders on the captioned show cause notices without the prior permission of the Hon’ble High Court,” stated the company in filing.
Delta Corp Limited was recently served with notices indicating a tax deficit amounting to Rs 1,1,39,61,03,423 (rupees eleven thousand one hundred and thirty nine crore sixty one lakh three thousand four hundred and twenty three) in its filing detailing the notices received by both the parent company, Delta Corp Limited, and its subsidiaries.
The company reported a 1.6 per cent year on year growth in overall net profit at Rs 69.4 crore for the quarter ended September. Revenue increased moderately to Rs 270.6 crore in Q2 FY24 from Rs 270 crore in Q2 FY23.