Announced Mon, 13 Apr · 18:11 IST
Tax demand of Rs 8.71 lakh received for AY 2019-20
Regulatory & Legal View source PDF
RADIOCITY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹6.21
prior close
₹6.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.1+6.1+5.6+3.2+2.6+1.4-0.2-1.4-0.2-1.9-3.7-1.8-0.8-3.1
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AI summary
Music Broadcast Limited received a tax demand of Rs. 8,71,476 from the Income Tax department for Assessment Year 2019-20, under Section 154 read with Section 155(18) of the Income-Tax Act, 1961. The order was passed by the Asst. Commissioner of Income Tax, Mumbai, on March 27, 2026, and received by the company via email on April 13, 2026. The company will evaluate the next course of action in consultation with its advisors. Financial impact is stated to be limited to the demand amount specified.
Likely market impact
Minor financial impact of Rs. 8.71 lakh. Company likely to appeal. Negligible for the business overall.