Please find enclosed herewith Intimation for Notice received from Income Tax Department under Regulation 30 of SEBI LODR 2015.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Harish Textile Engineers Limited has received a notice dated March 30, 2026 from the Income Tax Department (Assistant Commissioner, Circle 2(1)(1), Mumbai) under Section 148A(1) of the Income-tax Act, 1961 for Assessment Year 2021-22. The notice was triggered by information from the DGGI Surat Zonal Unit flagging alleged GST compliance irregularities from January to March 2021, specifically delays in depositing GST collected and passing on Input Tax Credit to customers. The company has confirmed that the GST liability for that period has since been discharged. The company must submit its reply via the Income Tax e-filing portal by April 28, 2026, explaining why a Section 148 notice should not be issued. The company is reviewing the matter with its tax advisors and states no financial impact is ascertainable at this stage.
This is a preliminary show-cause type notice from the tax authorities and not a penalty or order. No quantifiable financial impact has been declared yet, so there is no immediate material effect on shareholders, though investors should watch for the company's response and any further tax proceedings.