Music Broadcast receives ₹8.71 Lakh tax demand order

Music Broadcast Ltd has received a demand order of ₹8,71,476/- under Section 154 read with Section 155 (18) of the Income-Tax Act, 1961, for the Assessment Year 2019-20. The order was passed by the Asst. Commissioner of Income Tax – 14(1)(1), Mumbai, dated March 27, 2026, and received by the company via email on April 13, 2026. The company, in consultation with its advisors, will evaluate the next course of action. The financial impact is limited to the amount specified in the order, and updates will be provided in due course.