Delta Corp soars over 8% as Bombay HC restrains GST tax notice for firm
Live MintShares of Delta Corp surged over 8 percent on Wednesday after the Bombay High Court restrained tax authorities from passing any final order on the ₹16,195-crore GST notice issued to the Casino operator. On September 25, Delta Corp received a notice for a tax shortfall of ₹11,140 crore, whereas, its subsidiaries were issued notices for an amount totalling ₹5,682 crore. Delta Corp also received fresh notices of alleged shortfall in the payment of GST to the tune of ₹6,384 crore, as per a regulatory filing made by the casino chain operator on October 14. Delta Corp operates casinos, as well is present in the online gaming space through its subsidiary Deltatech Gaming.Earlier, the Sikkim High Court on October 20 directed to maintain status quo until the next hearing.