With reference to our intimation dated 15.03.2025 regarding the notice received from IT department, Closure order has been issued by the Income Tax Authority upon furnishing of evidence ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Amarjothi Spinning Mills has received a Closure Order from the Income Tax Department on 15.04.2025, following up on an earlier notice dated 15.03.2025. The matter related to a deduction claimed under Section 80G of Rs.14.51 lakh and details sought on sundry creditors and other liabilities amounting to Rs.10.33 crores, totaling about Rs.10.47 crores. The order was issued under Section 142(1) after the company furnished the required evidence to the Office of the Assistant Commissioner of Income Tax, Central CIR-2, Coimbatore. The company has confirmed there is no material impact on its financials, operations, or other activities.
Positive for shareholders — the Income Tax matter has been closed in the company's favour after evidence was submitted, with no material financial impact stated. This removes a regulatory overhang, though the small amounts involved suggest limited market relevance.