Bharat Bijlee Ltd Receives ₹58.3 Lakh Income Tax Demand Order

Bharat Bijlee Ltd has received a Demand Order from the Assistant Commissioner of Income Tax for Assessment Year 2020-2021. The order, issued under Section 154 of the Income Tax Act, 1961, mandates a payment of ₹58,30,903/-. This demand arises from an earlier excess refund issued to the company, leading to a consequential adjustment and re-computation of interest under Section 244A of the Income-Tax Act. The company states that no violation or contravention has been alleged. While the order results in a quantifiable tax demand, Bharat Bijlee Ltd expects no material impact on its operations and will take necessary steps to discharge the demand. A minor discrepancy was noted between the demand order amount and the e-filing site, for which an internal ticket has been raised.