Jyoti Ltd: Income Tax Rectification Order for AY 2020-21

Jyoti Ltd has received a rectification order under Section 154 from the Income Tax Department for Assessment Year 2020-21. This order is an extension of a previous order passed under Section 147, which is already under appeal. The company has been levied an Income Tax Demand (including interest) of ₹6.82 crores pursuant to this rectification order. Jyoti Ltd does not foresee any material impact on its financial, operational, or other activities, as the existing appeal is expected to address this order as well.