The Supreme Court delivered a split verdict on the Revenue’s appeal against a Bombay HC ruling in a high-stakes tax dispute involving foreign drilling companies. Conflicting views on Sections 144C and 153 of the Income Tax Act now push the matter to a larger bench.
Today, On 12th July, The Supreme Court declined to hear Ritwik Dutta’s appeal against the Delhi High Court’s decision on his income tax assessment, citing ongoing proceedings. The I-T department alleges that funds from EarthJustice USA were used for unauthorized activities. Additionally, the CBI has registered an FIR against Dutta for alleged FCRA violations.
