Legal30 March 2026 at 11:31 am
Neeraj Paper Marketing Ltd Receives Assessment Order from IT Department for AY 2019-20 with a Demand of INR 77,56,540
AI Summary
Neeraj Paper Marketing Ltd has disclosed under regulation 30 of SEBI LODR, 2015, that they have received an assessment order from the Deputy Commissioner of Income-Tax for Assessment Year 2019-20. The order raises a demand of INR 77,56,540. The company intends to file an appeal against the assessment order, and currently, they do not foresee any material impact on their financials, operations, or other activities except for the demand raised.
Key Highlights
- Neeraj Paper Marketing Ltd received an assessment order from the IT Department for AY 2019-20.
- The assessment order raises a demand of INR 77,56,540 for the company.
- The company plans to file an appeal against the assessment order.
- No material impact on financials, operations, or other activities is expected, except for the demand raised.
- The assessment order is in accordance with section 147 read with section 143(3) of the Income-Tax Act, 1961.