
Regulatory18 Jun 2026, 04:11 pm
Harish Textile Engineers receives procedural tax notice update
AI Summary
Harish Textile Engineers Ltd has received a communication dated June 16, 2026, from the Income Tax Department, titled "Opportunity of being reheard under Section 129 of the Income-tax Act, 1961." This communication is a follow-up to a previous disclosure on March 31, 2026, regarding a notice under Section 148A(1) of the Income-tax Act, 1961, for Assessment Year 2021-22. The new notice is procedural, issued due to a change in the Assessing Officer, and does not contain any fresh allegations, demands, penalties, assessment orders, or adverse directions against the company. The company has already replied to both the initial and the fresh notice. At present, no financial impact is ascertainable.
Key Highlights
- Company received a procedural tax notice under Section 129 of the Income-tax Act.
- Notice grants opportunity for rehearing due to change in Assessing Officer.
- No fresh allegations, demands, or penalties are imposed by this communication.
- The communication relates to existing tax proceedings for AY 2021-22.
- No financial impact is ascertainable; company has already replied.
Price Impact
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