Tax & Penalty1 Jul 2026, 06:30 pm
Jai Balaji Industries Receives ₹12.9 Cr Tax Demand Order
AI Summary
Jai Balaji Industries Ltd has received an assessment order from the Income Tax Authority determining a tax liability of ₹12,89,53,937. The order, issued under section 158BC of the Income-tax Act, 1961, pertains to a block period from April 1, 2018, to November 30, 2024. The company is currently evaluating the order and plans to file an appeal with the appropriate authority. Jai Balaji Industries stated that it does not foresee any material impact on its financials, operations, or other activities at this time.
Key Highlights
- Income Tax Department issues assessment order for ₹12.9 Cr tax liability.
- Order covers block period April 2018 - November 2024.
- Company plans to appeal the order before the appropriate authority.
- No material financial or operational impact anticipated currently.
Price Impact
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