The Company has received a notice of demand under section 156 of the Income Tax Act, 1961 for the assessment year 2021-22 a sum of Rs.7,71,110 after the conclusion of assessment order.
MAWANASUG · price
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The company has received a notice of demand under Section 156 of the Income Tax Act, 1961 for Assessment Year 2021-22. The tax authorities are demanding a sum of Rs. 7,71,110 (approximately ₹7.71 lakhs). This demand has been raised after the conclusion of an assessment order by the Income Tax Department. The amount is relatively small for a corporate entity. No further details have been disclosed about whether the company intends to contest or pay this demand.
This is a minor tax demand and is unlikely to have any meaningful impact on the company's financials or share price. Shareholders should watch for further updates on whether the company decides to appeal the assessment order.