The Supreme Court of India has stayed recovery of ₹14.91 crore customs demand against HP India in a dispute over classification of Latex printers. The Court granted interim relief and issued notice, putting the recovery on hold till the next hearing.
The Supreme Court dismissed the Income Tax Department’s appeal due to delay, upholding the Delhi High Court order quashing reassessment proceedings against NDTV’s holding company RRPR Holdings. The ruling reinforces that reassessment cannot continue when the main tax claim itself has already been rejected in appellate proceedings.
