Tax & Penalty19 May 2026, 07:22 pm
ICRA Analytics Faces ₹19.17 Cr Tax Demand
AI Summary
ICRA Analytics Limited, a wholly-owned subsidiary of ICRA Ltd, has received a rectification order from the Income Tax Department for FY 2024-25, resulting in an outstanding tax demand of ₹19.17 Cr. The company plans to appeal and seek a stay of demand and rectification.
Key Highlights
- ICRA Analytics receives rectification order from Income Tax Department.
- The order raises a tax demand of ₹19.17 Cr for FY 2024-25.
- ICRA Analytics will file an appeal and seek a stay of demand.
- There is no immediate financial implication.
Price Impact
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