Summary
- The Karnataka High Court has partly allowed M/s Ivyakrest's writ petition, quashing a service tax demand order dated 20.03.2024 under the Finance Act, 1994.
- The case stemmed from information received from the Central Board of Direct Taxes (CBDT), with proceedings conducted ex-parte due to the petitioner’s lack of response.
- The Court emphasized the need for the petitioner to present relevant circumstances and supporting material, remanding the case for reconsideration after a 10% tax deposit.
- This ruling prevents any immediate recovery actions, even with a garnishee notice issued, pending the outcome of further proceedings.
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