Navkar Corporation Ltd Receives Assessment Order and SCN under Income Tax Act, 1961 for AY-2024-25

Navkar Corporation Limited has received an Assessment Order under section 143(3) and a Show Cause Notice (SCN) under sections 274 read with section 270A of the Income Tax Act, 1961 for the Assessment Year (AY) 2024-25. The orders were received on March 18, 2026, via email. The assessment order includes an addition of Rs. 44,051/- on account of interest income. Furthermore, the Company has also received a SCN for imposing a penalty on account of the addition made in the Assessment Order. The Company does not foresee any material impact on its financials, operations, or other activities due to these orders.