Karnataka High Court sets aside IT department's ₹3,700 crore provisional attachment order against Xiaomi India

Justice SR Krishna Kumar found that the order was arbitrary and reflected a premeditated conclusion without recording either an opinion or necessity to attach the property.
Karnataka HC and Xiaomi
Karnataka HC and Xiaomi

The Karnataka High Court recenlty set aside an order of the Income Tax Department provisionally attaching Xiaomi India’s fixed deposits amounting to ₹3,700 crore for a period of six months [Xiaomi Technology India v. Deputy Commissioner Of Income Tax].

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