Income Tax Order for Reopening Assessment for AY 2021-22

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-2.0%Reaction day

₹66.90

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-2.9% vs market

Industrial Products peers, median of 131sector+0.0%-2.0% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.0 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

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AI summary

Harish Textile Engineers received an Income Tax order under Section 148A(3) and a notice under Section 148 to reopen the assessment for AY 2021-22. The tax department deemed the case fit for reassessment and asked the company to refile its return. No tax demand or penalty has been raised yet. The company is reviewing the order with tax advisors and will file a response within the timeline.

Likely market impact

No immediate financial impact. Reassessment could result in a future tax demand if the response is not favourable. Monitor for updates.