Tax Tempest Tamed: ICICI Lombard Wins Big as Delhi HC Quashes ₹150 Cr GST Demand

In a major legal win for ICICI Lombard General Insurance, the Delhi High Court has overturned a ₹150 crore GST demand order issued by the Department of Trade and Taxes for FY 2019–20. The court found procedural lapses and directed the adjudicating authority to reassess the case afresh, considering the insurer’s original response to the show-cause notice.

 

Key Highlights:

This decision not only relieves ICICI Lombard of a significant financial burden but also signals a shift toward more rigorous judicial oversight in tax adjudication across India’s insurance sector.

 

Source: Legal Era, RupeeWise, Economic Times LegalWorld