Nuvoco: ₹11.89 Cr Demand Dropped by Assessing Officer

Nuvoco Vistas Corporation Ltd. announced that the Jurisdiction Assessing Officer, Mumbai, has issued a rectification order dropping the demand of ₹11.89 crores pertaining to FY 2022-23. The order was received on May 11, 2026. This follows the company's rectification application against an earlier assessment order where certain disallowances led to the demand. The Assessing Officer considered the application and passed the order under Section 154 read with Section 143(3) of the Income Tax Act, 1961.