Legal29 March 2026 at 06:31 am
Entertainment Network India Ltd Receives Income Tax Assessment Order for FY 2023-24 with Rs. 113.20 Crore Demand
AI Summary
Entertainment Network (India) Ltd has received an income tax assessment order under section 143(3) of the Income Tax Act, 1961 dated 27 March 2026 from the Assessment Unit of the Income Tax Department for the Assessment Year 2024-25. The order imposes a tax demand of Rs. 113.20 Crore, including applicable interest. The company is currently evaluating the assessment order and believes it has adequate legal and factual grounds to contest the observations and adjustments made in the assessment order. The order does not have a major adverse impact on the company's financial position, operations, or other activities.
Key Highlights
- Entertainment Network (India) Ltd received an income tax assessment order under section 143(3) of the Income Tax Act, 1961 dated 27 March 2026.
- The order imposes a tax demand of Rs. 113.20 Crore, including applicable interest on the company.
- The company is evaluating the assessment order and believes it has legal and factual grounds to contest the observations and adjustments made.
- The assessment order does not have a major adverse impact on the company's financial position, operations, or other activities.