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In August this year, the Bench further recovery had continued of income tax from NewsClick under two disputed notices for hearing of an appeal filed by the online news portal before the Income Tax Appellate Tribunal (ITAT).
The highest court did issued that order after noticing that NewsClick had already deposited 30 percent of the tax amount with the tax authorities.
The news portal later filed a miscellaneous application (MA) in the Court, seeking directions to allow it to resume normal banking operations.
The Court today directed ICICI Bank to do the needful (release the account) and disposed of the MA.
“ICICI Bank is directed to comply in letter and spirit with the order of this court dated August 9.” said the Court.