PFA Disclosure u/r 30 of SEBI (LODR) Regulations read with SEBI Circulars regarding receipt of Intimation Order dated May 15, 2026 u/s 143(1) of Income tax Act, 1961, from the Income Tax Department
BLBLIMITED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BLB Limited received an intimation order dated May 15, 2026 from the Income Tax Department regarding a tax demand for Assessment Year 2025-26. The department mistakenly added income of Rs. 197.48 Lacs twice under 'Schedule BP - Business and Profession' while processing the company's return, resulting in an incorrect enhancement of taxable income and a consequential tax demand. The company has clarified this is an apparent mistake from records and not a genuine income adjustment. BLB Limited has stated there is no material impact on its financials or operations and will file an application for rectification under Section 154 of the Income Tax Act to correct the error. No penalty, restriction, or sanction was imposed in the intimation order.
The filing relates to a clerical error by the Income Tax Department, not a company fault. The tax demand may create a short-term cash outflow if not rectified, but the company is actively disputing the error. No material financial or operational impact is expected.