Tax & Penalty27 May 2026, 10:41 pm
Monika Alcobev Receives ₹2.82 Cr Income Tax Demand
AI Summary
Monika Alcobev Ltd has received a Notice of Demand from the Income Tax Department, Bengaluru, pertaining to Assessment Year 2025-26. The demand amounts to ₹2,82,29,180 and arises from variations in tax liability computation under Section 115BAA, recomputation of interest and fees, and tax credit mismatches. The company is reviewing the intimation and plans to file an appeal against the demand. The company does not expect a material impact on its financials or operations.
Key Highlights
- Monika Alcobev received an income tax demand of ₹2,82,29,180 for AY 2025-26.
- The demand is due to computation variations and tax credit mismatches.
- The company intends to file an appeal against the demand.
- Monika Alcobev anticipates no material impact on financials or operations.