Krsnaa Diagnostics: ₹11.3 Cr Contingent Tax Liability

Krsnaa Diagnostics Ltd. has received assessment orders and demand notices from the Income Tax Department, Pune, for assessment years 2018-19 and 2019-20, resulting in a total income tax demand of ₹11,30,54,699. The company is challenging these orders and is confident of defending them. The disclosure was made following an internal compliance review. The identified contingent liability will require evaluation under Ind AS 37, but is not expected to cause operational disruption.