Legal1 April 2026 at 02:11 pm
Himatsingka Seide Ltd Receives Assessment Order with Rs. 14.17 Crore Tax Demand for AY 2023-24
AI Summary
Himatsingka Seide Ltd has received an Assessment Order under Section 143(3) read with section 144C(13) of the Income-tax Act, 1961 from the Income Tax Department, Kolkata. The order proposes additions of Rs. 51.70 crore under 92CA(3), resulting in a tax demand of Rs. 14.17 crores. The Company believes the additions are not justified and plans to file an appeal. There is no immediate impact on the financials, operations, or other activities of the Company due to this order.
Key Highlights
- Himatsingka Seide Ltd received an Assessment Order under Section 143(3) read with section 144C(13) of the Income-tax Act, 1961
- The order proposes additions of Rs. 51.70 crore under 92CA(3), resulting in a tax demand of Rs. 14.17 crores
- The Company plans to file an appeal against the order
- The Company believes the additions made by the Assessing Officer to the income are not justified
- There is no immediate impact on the financials, operations, or other activities of the Company due to this order