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Supreme Court seeks IT Department response to NewsClick plea against tax demands
Update / Judgement Date
08 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The Supreme Court has asked the Income Tax Department to respond to Newsclick's plea challenging tax demands of ?43 crore. Newsclick, a news portal, argues that the demands are unjustified as they pertain to payments made to contributors. The IT Department claims these payments should be treated as income and not as expenditure. The case raises issues regarding tax treatment of digital media companies and the definition of income under tax laws.