Amines & Plasticizers Limited has informed the Exchange about receipt of Assessment Order for Assessment Year 2013-14 along with Show Cause Notice in connection with the said Assessment Order.
AMNPLST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Amines & Plasticizers Limited has received an Income Tax Assessment Order for Assessment Year 2013-14 from the Income Tax Department, raising a total demand of Rs. 3.14 crore (inclusive of interest of Rs. 1.6 crore). Along with the order, the company also received a Show Cause Notice for penalty under Section 271(1)(c) of the Income Tax Act, though no penalty amount has been quantified yet. The company has already filed an appeal against the assessment order on March 30, 2026, and plans to contest the penalty notice with documentary evidence. Management has stated that, based on legal advice, they do not foresee any material impact on the company's financial or operational activities. This is a continuation of earlier income tax disputes involving AY 2013-14, 2014-15, and 2015-16 that the company has been communicating about since February 2026.
While the Rs. 3.14 crore tax demand is an adverse order, the company is appealing it and expects no material financial impact. Short-term sentiment may be mildly negative due to the ongoing tax disputes, but the relatively small size of the demand compared to the company's operations limits broader concern for shareholders.