Announced Wed, 1 Jul · 19:28 IST
Income Tax Order for Reopening Assessment for AY 2021-22
Regulatory & Legal View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹66.90
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.6-0.5-1.3-0.6-1.9-1.0+4.5———
Up moveDown movePending
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.