Himatsingka Seide Limited has informed the Exchange about General Updates
HIMATSEIDE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Himatsingka Seide Limited received an Assessment Order from the Income Tax Department, Kolkata under Section 143(3) read with Section 144C(13) of the Income-tax Act, 1961 for assessment year 2023-24. The department has proposed income additions of Rs. 51.70 crore under Section 92CA(3) and issued a tax demand notice of Rs. 14.17 crore. The company believes the additions are not justified and does not consider the demand payable. An appeal against the order is being filed. The order communication was received on March 31, 2026.
No immediate financial or operational impact as the company is contesting the demand and filing an appeal. However, if the appeal fails, the company could face a tax liability of Rs. 14.17 crore.