Max Estates Limited has informed the Exchange about Action(s) initiated or orders passed, "Demand Notice under Section 156 of the Income-Tax Act, 1961".
MAXESTATES · price
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Max Estates Limited has received a Demand Notice from the Income-Tax department under Section 156 of the Income-Tax Act, 1961. The specific amount and assessment year of the demand have not been disclosed in the filing. Section 156 notices are typically issued to communicate tax demands raised by the assessing officer. The company has informed the stock exchange about this development as part of its disclosure obligations. Further details on the quantum and the company's response are awaited.
Could create short-term uncertainty for shareholders depending on the size of the tax demand and whether it materially impacts financials. Investors should watch for follow-up filings disclosing the demand amount and whether the company plans to contest it.