Megastar Foods Appeals ₹6.2 Cr Tax Demand; Faces ₹1.8 Cr Demand Confirmation

Megastar Foods Ltd has filed a disclosure regarding an appeal before the Commissioner (Appeals), Ludhiana. This pertains to the vacating/dropping of a demand of ₹6,22,93,620 by the department. The company is the respondent in this departmental appeal. Additionally, the company itself has appealed against the confirmation of a demand of ₹1,82,82,724, along with related interest and penalty. The company has been given an opportunity to file a counter-reply in both matters. There is no immediate financial or operational impact, which will be assessed after the Commissioner's order.