Go Digit General Insurance has obtained temporary relief in a long-standing tax dispute as the Bombay High Court overturned a Rs 170.29 crore tax demand and ordered a reassessment.
The demand included Rs 154.80 crore in tax liabilities and Rs 15.48 crore in penalties, covering the period from July 2017 to March 2022.
The High Court instructed a fresh review based on guidance from the GST Council and directed the adjudicating authority to complete the process within three months.
Despite the court order, Go Digit confirms no financial implications currently exist, and no penalties have been imposed following the judgment, as it evaluates legal options.