TV Today Network gets Rs 11.16 crore income tax demand for FY 2019-20

Regulatory & Legal View source PDF Explain this filing

TVTODAY · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹131.57

prior close

₹131.18

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+0.1% vs market

TV Broadcasting & Software Production peers, median of 16sector-0.2%-0.3% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.3 pts less than its TV Broadcasting & Software Production peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.5

10m

-0.1

15m

-0.2

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.5+0.1-0.2-0.3

Next day

-3.1-1.0-2.1-1.6-1.5

-4.9-2.5-2.5-2.2-2.8

-4.6-3.2-1.4-3.7-0.9

-4.3-2.2-2.1-2.8-1.5

-4.3-1.9-2.4-4.2-0.1

-4.3-3.5-0.9-4.4+0.1

15d

-10.9-8.8-2.1-9.3-1.6

-14.2-9.3-4.9-9.5-4.7

-15.6-4.5-11.1-11.1-4.6

-7.1+5.4-12.5-9.9+2.8

UpDownMarket · Nifty Microcap 250Sector · TV Broadcasting & Software Production peers, median of 16Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TV Today Network received an income tax demand notice of about Rs 11.16 crore from the Assistant Commissioner of Income Tax, Delhi Circle 25(1) for FY 2019-20. The demand follows a rectification order under Section 154 read with Section 143(1) of the Income Tax Act, 1961, and relates to alleged incorrect set off of carried forward losses. The company states there is no material impact on its financials, operations or other activities, and it will file an appeal before the Commissioner of Income Tax (Appeals).

Likely market impact

Tax demand of about Rs 11.16 crore for FY20. Company plans to appeal and says no material impact on operations or finances.