SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2025 Supreme(Kar) 803

IN THE HIGH COURT OF KARNATAKA AT BENGALURU
S.R. Krishna Kumar
Manjeet Singh Chawla, Son of Mr. Jawahar Singh Chawla – Appellant
Versus
Deputy Commissioner of TDS Ward-(1)(2) – Respondent


Advocate Appeared:
For the Petitioner:Sri. Tarun Gulati, Senior Counsel For Sri. Pradeep Nayak, & Sri. Kishore Kunal, Miss. Ankita Prakash & Sri. Sankeeth Vittal, Advocates
For the Respondent:Sri. E.I. Sanmathi & Sri.M.Dilip, Advocates

ORDER :

S.R. Krishna Kumar, J.

This petition takes an exception to the impugned order dated 02.08.2023 passed by the 1st respondent, whereby the request of the petitioner for issuance of ‘Nil Tax Deduction Certificate’ for Income Tax in favour of the petitioner for the financial year 2023-24 was rejected and for consequential directions to the respondents to issue the said ‘Nil Tax Deduction Certificate’ for Income Tax under Section 197 of the INCOME TAX ACT , 1961 (for short ‘the I.T. Act’)and for other reliefs.

2. Briefly stated the facts giving rise to the present petition are as under:

Petitioner is an Indian Citizen and a salaried employee of Flipkart Internet Private Limited (FIPL) which is an Indian Subsidiary of Flipkart Marketplace Private Limited (FMPL), a Company incorporated in Singapore which is further a wholly owned subsidiary of Flipkart Private Limited, Singapore (FPS). In addition to FMPL, FPS has many other subsidiaries including PhonePe which had a wholly owned subsidiary in India known as PhonePe India Private Limited.

2.1 In the year 2012, FPS introduced the Flipkart Stock Action Plan, 2012 (FSOP), pursuant to which the petitioner was granted 2232 stock options w

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top