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Bombay High Court stays ₹32 39 crore income tax demand notice to PayPal

The online payment processing company has approached the High Court challenging the demand notice and penalty notice issued to PayPal with respect to its income in the assessment year 2020-21.

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Bombay High Court Stays Rs 32 39 Crore Tax Demand Against PayPal After It Claims Statutory Limitation For Passing Assessment Order Exceeded

The Bombay High Court has stayed the Rs. 32.39 crore tax demand and all related proceedings against PayPal Payments Private Limited, an online payment processing company.A division bench comprising.

Jehangir mistriHigh courtIncome tax departmentBombay high courtNational assessment faceless centrePaypal payments privatePaypal payments private limitedNeela gokhaleImpugned orderImpugned demand noticeImpugned noticeImpugned penalty noticeImpugned draft orderAssessment unitAssistant commissionerIncome tax

Mumbai: Bombay HC Relief For PayPal, Court Stays ₹32 39 Crore I-T Notice

Mumbai: Bombay HC Relief For PayPal, Court Stays ₹32 39 Crore I-T Notice
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Jehangir mistriAkhileshwar sharmaShilpa goelNational assessment faceless centreBombay high courtPaypal payments privatePaypal payments private limitedImpugned orderImpugned demand noticeImpugned noticeImpugned penalty noticeImpugned draft orderAssessment unitAssistant commissionerIncome taxNeela gokhale