Legal29 March 2026 at 03:31 pm
Thyrocare Technologies Ltd Receives Notice of Demand from Income Tax Department for ₹2,02,82,260
AI Summary
Thyrocare Technologies Ltd has received a Notice of Demand under Section 156 of the Income-tax Act, 1961, from the Income Tax Department dated March 27, 2026. The demand of ₹2,02,82,260 has been raised for the Assessment Year 2024-25. The Company is evaluating the matter and will submit an appropriate response before the appropriate authority within the prescribed timelines. The financial exposure of ₹2,02,82,260 arises on account of the liability determined by the department, but the demand will be contested before the authorities within the stipulated timelines as provided under the law.
Key Highlights
- Thyrocare Technologies Ltd received a Notice of Demand under Section 156 of the Income-tax Act, 1961, from the Income Tax Department.
- The demand of ₹2,02,82,260 has been raised for the Assessment Year 2024-25.
- The Company is evaluating the matter and will submit an appropriate response before the appropriate authority within the prescribed timelines.
- The financial exposure of ₹2,02,82,260 arises on account of the liability determined by the department.
- The demand will be contested before the authorities within the stipulated timelines as provided under the law.