Legal30 March 2026 at 02:21 pm
Amines & Plasticizers Ltd Receives Assessment Order for Assessment Year 2013-14 with Penalty Show Cause Notice
AI Summary
Amines & Plasticizers Ltd has received an Assessment Order under Section 147 read with Section 250 read with Section 144B of the Income Tax Act, 1961 for Assessment Year 2013-14. The Company also received a Show Cause Notice (SCN) for Penalty under Section 274 read with Section 271 (1)(c) of the Act in connection with the said Assessment Order. The demand as per the Assessment Order for AY 2013-14 is Rs. 3,14,30,443/- (Inclusive of Interest of Rs. 1,59,85,045/- ). The Company has filed an appeal against the said Assessment Order for AY 2013-14 and will also contest SCN with documentary evidence in support of the same.
Key Highlights
- Amines & Plasticizers Ltd received an Assessment Order under Section 147 read with Section 250 read with Section 144B of the Income Tax Act, 1961 for Assessment Year 2013-14.
- The Company also received a Show Cause Notice (SCN) for Penalty under Section 274 read with Section 271 (1)(c) of the Act in connection with the said Assessment Order.
- The demand as per the Assessment Order for AY 2013-14 is Rs. 3,14,30,443/- (Inclusive of Interest of Rs. 1,59,85,045/- ).
- The Company has filed an appeal against the said Assessment Order for AY 2013-14.
- The Company will also contest SCN with documentary evidence in support of the same.