Transindia Real Estate Limited has informed the exchange about receipt of an Assessment Order from the Income Tax Authority under the provisions of the Income Tax Act, 1961.
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Transindia Real Estate Limited has received an Assessment Order from the Income Tax Authority following search proceedings that were disclosed earlier in February 2025. The assessment order covers the block period from April 1, 2018 to April 5, 2025, and has raised a demand of ₹3,12,000 (Rs 3.12 lakh). The company has stated that this demand has been duly paid. The assessment was conducted under Section 143(3) read with Section 158BC(1)(c) of the Income Tax Act, 1961, which relates to block period assessments typically following search and seizure operations.
The tax demand of ₹3.12 lakh is relatively small and has already been paid, suggesting minimal direct financial impact. However, the fact that this follows IT search proceedings may raise investor concerns about potential future liabilities or penalties that could arise from the assessment.