Income tax department moves SC in Genpact tax case

The Income Tax Department is moving the Supreme Court in Geppact tax case. This follows a Delhi High Court ruling that blocked reopening Genpact Consulting Singapore's tax assessment for 2014-15. The department claims the share sale was a tax avoidance scheme. The Supreme Court will hear the case soon. This involves a significant tax dispute between the department and the Genpact group.

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