Krsnaa Diagnostics: Tax Demand Revised Up by ₹12.1 Cr

Krsnaa Diagnostics Ltd has received an order from the Assistant Commissioner of Income Tax, Pune, revising its tax demand for Assessment Year 2022-23. This rectification order, under Section 154 read with Section 143(3) of the Income Tax Act, applies the 60% rate under Section 115BBE to additions made in the original assessment. The revised balance payable is ₹31,73,28,734/-, an increase of ₹12,09,98,110/-. The company has already appealed the original assessment order and plans to appeal this additional demand.