Announced Tue, 14 Apr · 18:29 IST
Vikas Lifecare Receives Income Tax Demand of ₹22.99 Crore
Regulatory & Legal View source PDF
VIKASLIFE · price
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Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹1.58
prior close
₹1.59
base price
After-mkt
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AI summary
Vikas Lifecare Limited has received income tax assessment orders raising a total demand of ₹22.99 crore across various assessment years. The demand stems from certain additions and disallowances made by tax authorities during assessment proceedings. The company plans to file appeals within prescribed timelines and, supported by legal advice, expects a favourable outcome at the appellate stage. Management says there is no immediate material impact on operations.
Likely market impact
₹22.99 Cr tax demand is material; near-term overhang on stock until appeal outcome. Management confident of favourable ruling.