StockWatch
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Civil Construction
Tax & Penalty15 Sept 2026, 06:30 pm

Interarch Building Solutions Receives Income Tax Notice

AI Summary

Interarch Building Solutions Ltd has received a notice under Section 142(1) of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax, Central Circle 7, Delhi. This notice is in connection with the assessment for the block period April 1, 2019, to October 17, 2025, following a search action initiated under Section 132 of the Act on August 18, 2025. The company is required to produce accounts, documents, and furnish information electronically by September 29, 2026. The notice seeks explanations and supporting evidence for issues identified during the search and post-search investigation, along with questionnaires for assessment years 2020-21 to 2025-26. The company is consulting with tax advisors and legal counsel to respond within the stipulated time. The financial impact, if any, is currently unascertainable.

Key Highlights

  • Company received Section 142(1) Income Tax notice.
  • Notice relates to assessment for block period 2019-2025.
  • Follows search action under Section 132 in August 2025.
  • Company to provide documents and explanations by Sept 29.
  • Financial impact currently unascertainable.