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Sylvan Plyboard Escalates Tax Dispute to Supreme Court, Files Special Leave Petition Over Demand Notices

Updated: July 21, 2025 12:44

Image Source: NSE
Sylvan Plyboard Ltd has filed a Special Leave Petition (SLP) in the Supreme Court of India, challenging demand notices issued by tax authorities. The move signals the company’s intent to seek judicial relief after exhausting remedies at lower forums. The SLP, filed under Article 136 of the Constitution, seeks intervention on grounds of legal misinterpretation and procedural irregularities.
 
Key Highlights:
  • The demand notices reportedly pertain to disputed tax liabilities, possibly under GST or legacy indirect tax regimes.
  • Sylvan Plyboard contends that the notices were issued without adequate opportunity for representation and violate principles of natural justice.
  • The company had previously approached the High Court, which either dismissed the plea or denied a certificate of fitness for appeal, prompting the SLP.
Legal Context:
  • A Special Leave Petition allows an aggrieved party to appeal to the Supreme Court even when no statutory right of appeal exists.
  • The Supreme Court may admit the petition if it finds substantial questions of law or gross miscarriage of justice.
  • If admitted, the SLP will convert into a civil appeal and be heard on merits, potentially setting precedent for similar cases.
Market Outlook:
  • Analysts believe the outcome could impact Sylvan’s contingent liabilities and future tax provisioning.
  • Investors are advised to monitor the case for implications on cash flows and regulatory compliance.
Sources: Business Standard, LawBhoomi, Drishti Judiciary, Supreme Court Rules Digest, Legal Services India (July 2025)

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