DCW Limited has informed the Exchange about General Updates
DCW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCW Limited has received an Income Tax Assessment Order from the Asst. Commissioner of Income Tax, Central Circle-1(4), Mumbai, dated March 18, 2026 (received by email on March 23, 2026), raising a tax demand of Rs. 4.32 crores for Assessment Year 2024-25 under Section 143(3) of the Income Tax Act, 1961. The company claims the demand was erroneously computed because the Assessing Officer failed to grant credit for Rs. 4 crores of advance tax already paid by the company. DCW plans to file a rectification application under Section 154 of the Income Tax Act and considers the demand not tenable in law. The company states there is no material impact expected on its financial position or operations from this order.
This is a routine tax demand that the company is actively contesting, and since the disputed amount is largely attributable to advance tax credit not being applied, the share price is unlikely to be materially affected. Shareholders should monitor the outcome of the rectification application, but no immediate financial hit is expected.