DCM Nouvelle Limited has informed the Exchange about Assessment Order, Income Tax Department
DCMNVL · price
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DCM Nouvelle Limited received an Assessment Order from the Income Tax Department's Assessment Unit on March 24, 2026, for Assessment Year 2024-25. The order made three key disallowances: ₹37.57 lakh under section 80JJAA, ₹31.76 lakh on purchases from non-filers, and ₹2.36 crore under section 43B. Additionally, a short-term capital loss on the sale of flats was not allowed to be carried forward. Importantly, no tax demand has been raised — the notice of demand under section 156 specifies a demand of ₹0, and no penalty has been imposed. The company intends to file an appeal before the Appellate Authority within the prescribed time limits.
Minimal immediate financial impact for shareholders since the tax demand is zero, but the disallowances reduce the company's carried-forward losses, which could affect future tax planning. The pending appeal introduces some uncertainty but the lack of a cash outflow limits near-term damage to the stock.