Income tax demand of about Rs 24.73 crore; company to appeal
VIDYAWIRES · price
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Vidya Wires received an income tax assessment order from the Deputy Commissioner of Income Tax, Vadodara for block period 01.04.2018 to 23.04.2025. The order raises a tax demand of Rs 24,72,60,254 (about Rs 24.73 crore) due to certain additions and disallowance of expenditures. The company plans to file an appeal and says it does not expect any material impact on its financials or operations.
Tax demand of about Rs 24.73 crore raised; company to appeal, expects no material impact on finances or operations.