Apeejay Surrendra Park Hotels Ltd Faces ₹41 Cr Tax Demand

Apeejay Surrendra Park Hotels Ltd has received an Assessment Order from the Income Tax Department for AY 2024-25, resulting in a tax demand of ₹41,06,72,530, including interest. The demand arises from additions/disallowances made during scrutiny assessment under various sections of the Income-tax Act. The company plans to appeal the order, believing it has strong grounds to contest a substantial portion of the demand. Apeejay Surrendra Park Hotels does not expect the order to materially impact its financial or operational activities.