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Newsclick: Delhi HC dismisses NewsClick plea for stay on I-T demand | India News

NEW DELHI: The Delhi HC has dismissed a plea by news portal NewsClick, seeking a stay on an income

Newsclick: Delhi HC dismisses NewsClick plea for stay on I-T demand | India News



NEW DELHI: The Delhi HC has dismissed a plea by news portal NewsClick, seeking a stay on an income tax demand. A bench of acting chief justice Manmohan and justice Mini Pushkarna said the news portal has “a lot to answer” in the appeal before the commissioner of I-T (appeals) and declined any relief.
“In the present case, the assessing officer in the assessment order has given a number of cogent findings against the petitioner.In fact, the assessing officer has virtually held that the transaction between the petitioner and the foreign entity was based on ‘reverse engineering’,” the HC said. It noted that the petitioner’s plea of financial stringency based on its balance-sheet also inspires “no confidence” as, according to the assessing officer, the accounts have not been properly maintained.
NewsClick approached the HC, challenging the orders of November 3, 2023 and February 20, 2023 passed by the I-T department, where it dismissed the portal’s plea for stay of demand.





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