Supreme Court imposes Rs. 24 crore costs for tax inaction. Petitioner seeks time for affidavit.

The Supreme Court imposed exemplary costs due to inaction on a tax matter amounting to over Rs. 24 crores from 17.08.2017 to 10.02.2020. The petitioner sought time to submit a revised affidavit, while the respondent contended that VAT had been paid. The court scheduled the next hearing in two weeks.

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The Supreme Court of India, in a 2021 judgment, noted inaction from 17.08.2017 to 10.02.2020 regarding a tax amount exceeding Rs. 24 crores. The petitioner's counsel requested time to file a better affidavit, while the respondent's counsel argued that the appeal lacked merit as VAT had already been paid on the transaction. The court may impose exemplary costs in the next hearing scheduled after two weeks.

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