
Legal27 Feb 2026, 08:22 pm
Amines & Plasticizers Ltd Receives Show Cause Notices from Income Tax Department for AY 2013-14, 2014-15, and 2015-16
AI Summary
Amines & Plasticizers Ltd has received Show Cause Notices from the Income Tax Department under Section 147 of the Income Tax Act for the assessment years 2013-14, 2014-15, and 2015-16. The notices were received in February 2026 and the Company has been asked to submit response including documentary evidence in respect of genuineness of transaction. The Company, after taking legal advice, contested the SCN along with the documentary evidence in support of the same and submitted the response. Based on the preliminary assessment, prevailing law, and on the advice of counsel, the Company does not foresee any material impact on the financial, operational, or other activities.
Key Highlights
- Amines & Plasticizers Ltd received Show Cause Notices from the Income Tax Department for AY 2013-14, 2014-15, and 2015-16.
- The notices were received in February 2026.
- The Company has been asked to submit response including documentary evidence in respect of genuineness of transaction.
- The Company, after taking legal advice, contested the SCN along with the documentary evidence in support of the same and submitted the response.
- Based on the preliminary assessment, prevailing law, and on the advice of counsel, the Company does not foresee any material impact on the financial, operational, or other activities.
Price Impact
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