Legal1 April 2026 at 11:11 am
Capacite Infraprojects Faces ₹10.18 Crore Tax Demand for FY 2023-24
AI Summary
Capacite Infraprojects Limited has received a tax demand notice from the Income Tax Department for the Financial Year 2023-24 (Assessment Year 2024-25). The demand includes a tax amount of ₹10.18 crore along with applicable interest. The demand is due to disallowances of certain expenditure/deductions claimed under various provisions of the Income Tax Act. The Company is planning to file a rectification application and an appeal before the Higher Appellate Forums against this order. Despite this, the Company believes that it has sufficient factual and legal grounds to substantiate its position in the matter, and there is no significant impact on its financial operations or other activities.
Key Highlights
- Capacite Infraprojects Limited received a tax demand notice from the Income Tax Department for FY 2023-24.
- The demand includes a tax amount of ₹10.18 crore along with applicable interest.
- The demand is due to disallowances of certain expenditure/deductions claimed under various provisions of the Income Tax Act.
- The Company is planning to file a rectification application and an appeal before the Higher Appellate Forums against this order.
- Capacite Infraprojects Limited believes it has adequate factual and legal grounds to substantiate its position in the matter.