Media & Entertainment
Legal30 March 2026 at 12:44 pm

Music Broadcast Ltd Receives Demand Order of Rs.24,46,476/- under Section 156 of the Income-Tax Act, 1961 for Assessment Year 2010-11

AI Summary

Music Broadcast Ltd has received a demand order passed under Section 156 of the Income-Tax Act, 1961 for the assessment year 2010-11. The order is dated March 27, 2026, and was received by the Company on March 30, 2026. The demand order is for Rs.24,46,476/-. The Company will file an appeal against the order and based on preliminary assessment, does not expect any material adverse financial impact at this stage.

Key Highlights

  • Music Broadcast Ltd received a demand order under Section 156 of the Income-Tax Act, 1961 for the assessment year 2010-11
  • The demand order is for Rs.24,46,476/-
  • The order was received on March 30, 2026
  • The Company will file an appeal against the order
  • Based on preliminary assessment, the Company does not expect any material adverse financial impact at this stage