Jubilant FoodWorks gets Rs 169.59 Cr income tax demand for FY22
JUBLFOOD · price
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Jubilant FoodWorks has received an Income Tax assessment order for FY 2021-22 raising a demand of Rs 169.59 Crores. The company says the order suffers from mistakes on record and ignores its contentions. It plans to file rectification with the Assessing Officer and appeal before the Income Tax Appellate Tribunal. The company expects relief and does not foresee any material financial impact from this matter.
Tax demand of Rs 169.59 Cr under appeal; company expects no material financial impact. Watch appeal outcome.