Enclosed is the attachment under Regulation 30 intimating rectification order issued by the Jurisdiction Assessing Officer, Mumbai

Nuvoco Vistas has received a favorable rectification order from the Jurisdiction Assessing Officer, Mumbai. The order completely drops a tax demand of Rs.11.89 crores that was raised for Financial Year 2022-23. The company had filed a rectification application against an earlier Assessment Order that had made certain disallowances resulting in the proposed demand. The Assessing Officer passed the rectification order under Section 154 read with Section 143(3) of the Income Tax Act, 1961. The order was received by the company on May 11, 2026. The National Faceless Appeal Centre in Delhi had jurisdiction over the matter.