Juniper Hotels Limited has informed the Exchange about General Updates
JUNIPER · price
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Juniper Hotels Limited received a Demand Notice from the Income Tax Department on April 21, 2026, for Assessment Year 2023-24. The tax department has raised a demand of Rs. 25,82,92,808 (approximately Rs. 25.83 crore) citing alleged under-reporting of income. The Assessment Order was passed under Section 143(3) read with Section 144C(3) of the Income Tax Act, 1961. The company is currently assessing the demand notice and examining the basis of the alleged liability. It plans to seek legal advice and file suitable representations or appeal against the demand. Despite the significant amount, the company has stated it does not anticipate any adverse impact on its financial position or operations at this stage.
The Rs. 25.83 crore tax demand is material and could affect the company's financials if upheld, though Juniper Hotels intends to contest it legally. Shareholders should monitor for further updates on the appeal process.