Income Tax Department issues Rs 41.07 crore demand order for AY 2024-25
PARKHOTELS · price
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The Income Tax Department has issued an assessment order for assessment year 2024-25 against Apeejay Surrendra Park Hotels, creating a tax demand of Rs 41.07 crore including interest. The order involves disallowances under various sections of the Income Tax Act. The company plans to appeal before the National Faceless Appeal Centre and expects most of the demand to not sustain. Management states no material impact is expected on financial or operational activities.
Rs 41.07 crore tax demand is sizeable, but company plans to appeal and believes most of it will not sustain, with no material impact expected.