M/s. Sporta Technologies Private Limited Vs. Additional/Joint Commissioner of Income Tax (Appeals) – 1 Jaipur
Parties Involved
Facts Summary
The assessee, M/s. Sporta Technologies Private Limited, a private limited company engaged in operating a fantasy gaming platform, filed its return of income for the Assessment Year 2024-25 declaring a total income of Rs.1782,63,75,730/- and claiming a refund of Rs.48,24,43,990/-. The return was processed under section 143(1) of the Income Tax Act, 1961, and an intimation dated 28.01.2025 was issued levying interest under section 234C amounting to Rs.1,23,80,937/- due to a purported delay in the payment of advance tax for the third quarter. The assessee filed an appeal before the Learned Commissioner of Income Tax (Appeals) challenging this intimation, which was dismissed. Consequently, the assessee approached the Income Tax Appellate Tribunal with the same grievances.…
Decision in favour of
Assessee
Legal Issues
- 1. Erroneous levy of interest of INR 12,380,937/- under section 234C of the Act
- 2. No adequate opportunity of being heard - violating the principles of natural justice
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
6 precedents cited in this judgement.
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