Interim Relief to Paypal: Bombay HC stays Rs. 32.39 Crore time barred Income Tax Demand [Read Order]

Income Tax Demand - Paypal - Interim Relief - Income Tax - Online Payments Methods - Paypal Updates - TAXSCAN

The Bombay High Court has issued an ad-interim order, staying the enforcement of a substantial tax demand amounting to Rs. 32.39 crore and all associated proceedings against PayPal Payments Private Limited. The division bench, comprising Justices K. R. Shriram and Dr. Neela Gokhale, granted relief to the petitioners until January 31, 2024. The court’s order…

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