K'taka HC asks Wipro to pay 24 crore or else...
The bench comprising Justice Venugopala Gowda and B V Pinto quashed the company's plea and directed them to deposit the amount with the High Court. They also pronounced that the matter should be examined by the Appellate Authority for Commercial Taxes.
Earlier on Dec 10, the HC had asked the company to pay up 50 per cent of the tax amount before appealing to the appellate authority. The Court had also allowed the petitioners to file an appeal within two weeks. The company had however failed to produce the required statutory forms like H- forms to claim tax exemption.
Wipro will have to raise the said amount immediately to avoid getting caught in a legal tangle.
OneIndia News
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Story first published: Wednesday, December 29, 2010, 12:17 [IST]