The tax issue: Karnataka withdraws Infosys notice, Centre may go for review

In fast-moving developments on Thursday, the Karnataka state authorities withdrew the pre-show cause notice issued just a day earlier to information technology bellwether Infosys. Besides the Rs 32,403-crore demand made by the investigation department of goods and services tax (GST) on Wednesday, there was another notice from the Karnataka state authorities.

In a disclosure to stock exchanges late on Thursday, Infosys said the Karnataka authorities had communicated to the company that they were withdrawing the pre-show-cause notice.