Liquor outlets will once again be able to pick up stocks as the High Court on Wednesday allowed sales of liquor from Telangana Beverages Corporation Ltd (TSBCL) depots. A division bench of Chief Justice Kalyan Jyoti Sengupta and Justice P.V. Sanjay Kumar granted an interim stay on the attachment notice served by the Income Tax department on TSBCL depots.
Addressing counsel representing the income-tax department , Justice Kalyan Sengupta said, “If the sales are stopped, how will the I-T department get its tax due? Let them sell. Only then can the department collect the tax.”
While granting interim stay on the notices served by the I-T wing, the bench directed the TSBCL to supply the list of stocks available in depots to the I-T and then sell the stocks while remitting the money into a separate account after deducting expenditure.
The wine shop owners and dealers are happy with court response and hoping that Telangana Beverages Corporation Ltd will clear the issues soon. It is all known that Telangana state government is receiving good amounts of income from liquor sales only. It is very clear that Telangana Beverages Corporation Ltd need to clear the taxes soon. The bench also directed the corporation to give all sale proceedings before the court by next Tuesday to take an appropriate decision on the issue.
