Mold-Tek Packaging Receives ₹36.05 Lakh Tax Demand Notice

Mold-Tek Packaging Ltd has received a demand notice from the Income Tax Department for Assessment Year 2021-22, amounting to ₹36,04,920. The notice is under Section 156 of the Income Tax Act, 1961, following an order under Section 270A. The company states there are no violations of the Income Tax Act. Mold-Tek Packaging is currently responding to the notice within the stipulated timeframe and is in the process of making further submissions to the relevant authorities. The impact on financial or operational activities is currently being assessed.