Tax & Penalty29 Jun 2026, 06:40 pm
India Pesticides Receives ₹7.1 Cr Income Tax Demand Notice
AI Summary
India Pesticides Ltd has received a Notice of Demand under Section 156 of the Income-tax Act, 1961, for a block assessment period from April 1, 2018, to February 10, 2025. The demand raised against the company is ₹7,09,58,949.00. The company, after careful examination and legal advice, believes the demand is not tenable and is evaluating legal remedies to file an appeal. Management is confident that there will be no material financial impact on the company.
Key Highlights
- Received Income Tax demand notice for ₹7.1 Cr.
- Demand pertains to block assessment period 2018-2025.
- Company believes demand is not legally tenable.
- Evaluating legal remedies and appeal options.
- Management confident of no material financial impact.
Price Impact
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