SC to Review Rs.330 Bn Tax Claim on Jaypee Infra

17 Apr 2024 CW Team

The Supreme Court has agreed to review the validity of a Rs.330 billion tax claim on Jaypee Infratech. This decision follows a petition filed by the company challenging the claim made by the Income Tax Department.

Jaypee Infratech, a prominent player in the construction sector, has contested the tax demand, arguing that it is excessive and unjustified. The company has sought relief from the Supreme Court, seeking to have the tax claim reassessed and potentially reduced or invalidated.

The outcome of the Supreme Court's review will have significant implications for Jaypee Infratech and its financial liabilities. If the tax claim is upheld, the company could face substantial financial repercussions, impacting its operations and stakeholder interests.

The Supreme Court's decision to examine the validity of the tax claim underscores the importance of judicial oversight in matters involving complex financial disputes. The outcome of the review process will hinge on a thorough assessment of the legal and factual merits of the case.

For Jaypee Infratech, the resolution of the tax claim will have far-reaching consequences for its future prospects and financial stability. A favourable ruling could alleviate the company's financial burden and restore investor confidence, while an adverse outcome could pose significant challenges to its viability and solvency.

As the legal proceedings unfold, stakeholders will closely monitor developments and await the Supreme Court's decision on the validity of the Rs.330 billion tax claim against Jaypee Infratech. The outcome will shape the company's trajectory and impact the broader construction industry landscape in India.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..