Le Travenues Technology Limited has informed the Exchange about Receipt of Income Tax Assessment Order and Demand Notice
IXIGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ixigo (Le Travenues Technology) received an Income Tax Assessment Order dated March 24, 2026 for Assessment Year 2024-25. The tax authority disallowed expenses of about Rs. 1.01 crore after certain third parties failed to respond fully to verification notices, raising a tax demand of Rs. 45.5 lakh. Separately, the order also included Rs. 7.52 crore relating to buyback tax under Section 115QA, which the company says has already been paid and was erroneously included again. The company has stated that the order contains prima facie calculation errors and that it will file an appeal within the prescribed timeline. Management has indicated that the financial impact is nil, apart from legal costs of contesting the matter.
This is a routine tax assessment dispute and not a material financial event for the company. Shareholders should treat it as a minor disclosure — the contested tax demand (around Rs. 45.5 lakh) is small relative to Ixigo's business, and the larger buyback-related figure appears to be a clerical double-counting. No immediate earnings or cash-flow impact is expected, though investors may want to track the appeal outcome.