Announcement under Regulation 30 0f SEBi LODR
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Awaiting price reaction for this filing.
Arman Holdings Limited has disclosed that it received a notice from the Income Tax Department under Section 263 of the Income Tax Act, 1961, pertaining to Assessment Year 2017-18. Section 263 allows the tax authority to revise an assessment order if it is considered erroneous or prejudicial to the interest of the revenue. The company has stated that it will be submitting its response in due course. No further details on the quantum of the alleged tax demand have been provided in the filing.
This is a routine regulatory disclosure and does not necessarily imply any financial liability at this stage. Shareholders should monitor for further updates on the response and any potential tax demand, but the near-term impact on the stock is likely limited unless a material amount is involved.