Tax & Penalty1 Jun 2026, 08:12 pm
JK Agri Genetics: ₹0.78 Cr Tax Liability Adjusted
AI Summary
JK Agri Genetics Ltd received an order under Section 250 of the Income Tax Act, 1961, related to the disallowance of ₹1.50 Crore of labor expenses. This resulted in a total tax liability of ₹0.78 Crore. The company has decided not to contest the case, but the liability has been adjusted against available MAT credit, resulting in no cash outflow.
Key Highlights
- JK Agri Genetics received an order related to disallowance of expenses.
- The company's tax liability is ₹0.78 Crore.
- The tax liability was adjusted against available MAT credit.
- There will be no cash outflow from the company.
Price Impact
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